
AUD/USD: Daily studies are in the process of unwinding from oversold readings, and as such, we see shorter-term risks for more of a bounce towards the 1.0300-1.0400 area where the next major lower top is sought out ahead of underlying bear trend resumption.
--- Written by Joel Kruger, Technical Currency Strategist
To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger
To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to jskruger@dailyfx.com