AUDUSD Looking for a clean place to bounce

24 May
2012
by in Uncategorized

The AUDUSD is closing in on key support at .9665.  This level represents last October's lows and a break of this zone could open up a run towards yearly lows around .94.  Resistance can be found at .98.  The cross has stabilized over the last few days and may be looking for a bottom to rebound from.  A move to .9665 could find a buyers.

Sup      .9665

Res      .98