Analysis:
AUDUSD continue to move lower as expected but more slowly and the market show downside rejection at support level of 0.93 – 0.9320.
Aussie dollar trading range is getting smaller and with upside limited at 0.9420. Our view on AUDUSD is still bearish in short term, and 0.9320 – 0.930 will likely be broken soon.
Forex Trading Signal:
We are looking for sell signals to short Aussie dollar again at around 0.9400 – 0.9420
Resistant zone:
-0.9500 – 0.9540
-0.9440 – 0.94650
-0.9380 – 0.940
Support zone:
-0.930 – 0.9320
-0.9260
-0.92
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