AUD,NZD/FXWW News/Technical Analysis

AUD/USD: Initial resistance at .8820, look for stronger levels near .8870

The macro speculative market is piling into AUD/USD shorts, with .8500 seen now as a foregone conclusion and some starting to talk now of levels below .80 cents.

Initial resistance is at previous lows of .8820/25 and a break above there will run into further headwinds near the .8870 breakdown level from earlier today.

Sorry, I’m of no help to anyone in this move and I’m getting it wrong more often than I’m getting it right.

  1. take it easy Sean, we’re the same group, that’s why you’re professional. haha

    for the aussie trade, I would suggest look at EUR/AUD, as a indication of timing.

    regards,

    Mike .

  2. Nope sorry, when I’m miserable and sorry for myself nothing will cheer me up 🙁
    Though I did sell EUR/JPY almost exactly at overnight highs so that might help 🙂
    Best I leave the AUD alone for a while

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