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AUD/USD Classical 07.29

AUD/USD Classical 07.29

2010-07-29 06:25:00
Joel Kruger, Technical Strategist
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AUDUSD7.29_body_aud2.png, AUD/USD Classical 07.29

AUD/USD: Gains have once again stalled out above 0.9000 and Tuesday’s bearish doji close has shown good follow through on Wednesday with the market pulling back quite sharply. Look for additional declines over the coming sessions towards next support by 0.8630, while only back above 0.9100 negates and gives reason for pause.

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

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