AUDUSD Resistance Expected above 9900
Prepared by Jamie Saettele, CMT
Thegap left open from 11/28/11 at 9773 has been filled and given way to an AUDUSD correction. Near term support is 9815 and resistance is expected in the 9935/65 region. Having bounced nearly 200 pips from the low, medium term players should be looking to short above 9900. Shorter term nimble traders may wish to trade from the long side towards the mentioned levels.
LEVELS: 9387 9660 9890 9934 9965 10020