Blog // Latest news and discussions

The AUDUSD fell through out trading Thursday.  The pair seems to have found a bit of traction at parity.  A hold at this level and we could see a move higher back towards the ascending trend line that once was support at .1.0090.  Below parity additional support can be found at last weeks lows at .9970.

Sup  1.00/.9970

Res  1.0090

Plan:  Looking for a hold of the 1.00/.9970 support zone.  Waiting for a 4hr confirm.  If this levels break could ride lower towards .9850