R: 0.9330 / 0.9410 / 0.9486
S: 0.9220 / 0.9180 / 0.9120-00
Aussie is trading in a very narrow range of 0.9290-0.9325. As no significant move on either side was not seen during the day, our view remains the same. The broader picture remains bullish and we might see a test of the previous high, 0.9405 (16-Nov-09) in the coming sessions. A strong break above 0.9410 might see 0.9500 or even higher on the upside in the coming days. On the downside Support is seen in 0.9200-0.9180 region which we expect to hold if any sharp downmove below 0.9300 is seen during the US session today.
Limit Buy Order:
Buy AUD 10K at 0.9225, SL 0.9135, TP Open