AUD,NZD/Flows and Orders/FXWW News/Technical Analysis

AUD/USD technicals: Short-term support levels near .9570

  • The big levels to watch are very clear on the daily (see chart), with support at .9510/20 and resistance at .9715/40;
  • Short term support levels start at hourly lows near .9570;
  • Real-money bids were reported last week starting near .9550;
  • Macro funds were on the offer .9675/80 end of last week;
  • I still favour the buy-dip strategy here but patience required.

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