AUD/USD: The market has come back under some renewed pressure following an intense rally back over parity and towards 1.0250. However, at this point we are not yet ready to call for an immediate bearish resumption, and would look for any additional setbacks to be well supported above 0.9900 in favor of additional upside. Ultimately, only back below 0.9800 would give reason for concern.
--- 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
