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.



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