AUDUSD: AUDUSD continues to look for further move higher with the possibility of a retest of the 0.7214/33 zone. On the upside, resistance lies at the 0.7280 levels. A cut through here will turn attention to the 0.7233 level and then the 0.7350 level. A violation of here will set the stage for a retarget of the 0.7400 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, support comes in at the 0.7100 level. Below that level will set the stage for a run at the 0.7050 level with a cut through here targeting further downside towards the 0.7000 level. On the whole, AUDUSD faces further corrective recovery threats triggered from the 0.6910 level
25th April 2016
AUDUSD Retains Corrective Bias, Eyes The 0.7214/33 Region
