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AUD/USD Classical 03.29

AUD/USD Classical 03.29

2010-03-29 06:56:00
Joel Kruger, Technical Strategist
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AUD/USD: Despite the recent surge back above 0.9200, we retain a bearish bias and look for the market to top out by 0.9250 ahead of a major bearish resumption. Key short-term support by 0.9090 has now been broken, and we would recommend looking to play the break back below this level in anticipation of some fresh declines towards 0.8800 over the coming days.

 

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com

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