AUDUSD Won’t Back Down
2012
The AUDUSD has been very resilient over the last week. As the other non commodity majors have been aggressively moving lower this pair has remained above its ascending trend line and could look to bounce higher with any rally in risk. Support for the pair begins at the acceding trend line around the 1.0155 area. As long as the pair remains above this level the momentum is pointing higher. The first level of resistance begins at 1.0220. If this level is snapped it will become support and the next objective would be the last week highs around 1.0330.
Sup 1.0155
Res 1.0220 1.0330
Plan: Looking for a move higher first target is 1.0220 followed by 1.0330.
For access to all current trades and charts http://wp.me/P2pFeJ-1IT .
