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The AUDUSD has been range bound for last 2 months after a ralley from 0.86
AUD has been ranging between 0.92 to 0.9450.
The AUD has rejected the level 0.94 again which is a significant weekly resistance.
The support seems to be now 0.92 and AUD would test it within a next week or two.
Also with recent jobs report, USD seems to be gaining ground.
The AUD crosses like EURAUD and GBPAUD look interesting in that they have also broken a resistance level and looking to shoot up.
The moves in crosses are expected to be larger than the AUDUSD.
Check the charts here on daily and weekly basis.
AUD has been ranging between 0.92 to 0.9450.
The AUD has rejected the level 0.94 again which is a significant weekly resistance.
The support seems to be now 0.92 and AUD would test it within a next week or two.
Also with recent jobs report, USD seems to be gaining ground.
The AUD crosses like EURAUD and GBPAUD look interesting in that they have also broken a resistance level and looking to shoot up.
The moves in crosses are expected to be larger than the AUDUSD.
Check the charts here on daily and weekly basis.
