AUD,NZD/FXWW News/Technical Analysis/Trade Ideas

AUD: Levels to watch in today’s trade

  • Should stay quiet with only a speech by RBA Governor Stevens to look forward to.
  • Previous short term support in AUD/USD now acts as intraday resistance.
  • Lows from last week at .9130 are the downside target.
  • AUD/NZD support levels seen 1.1365/85.
  • AUD/JPY sitting on important 90.00 level with big technical support below 89.50.
  • EUR/AUD has again closed above 1.4400 which will give the bulls some momentum.
  1. I’ve been able to find 4 different formations on the daily and 4-hr charts Lam-Son, so its not really a definitive one imho. Channels, wedges and double-top possibilities. Best give it another while to develop

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