AUD/USD: Sticking with longs, headed for 96 cents in next few weeks
Support levels near .9130/50 held yesterday despite some very heavy pressure and with the USD taking a beating across the board, we can expect a test of vital resistance levels at .9330/50 at some stage today. I believe a base is in place, this resistance will break and we will be trading close to more neutral levels around 96 cents in a few weeks.
Short-term parameters probably .9230/.9300 in early trade.
Thanks very much to those who came along last night, it was nice to get away from the screens for a while. If my trades keep performing so well after get-togethers, we might have to plan one every evening 🙂