AUDUSD Up She Goes

17 Jul
2012

The pair has moved up around 100 pips over the last 24 hours.  Fears of further QE seem to be the jet fuel of the rise.  Major daily resistance rest just above at 1.0325.  If this level is broken we could see another push up towards 1.0460.  Trend line support has led the way and is currently around 1.0250.  If this level gives daily support can be found just below at 1.02.

Sup    1.0250                           1.02

Res    1.0325                            1.0460

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