Aussie hasn't really done a lot...so this leaves the outlook unchanged. Currently once more trying for the 1.0300 /1.0295 support again, and we shall see if this holds. The 4hrly charts have turned bullish and we also have the short term 50% fib level at 1.0281 so this band should hold the downside for the time being.

Any longs though instated to here are to be reversed if the market makes a break below 1.0270. If we do lose this area we are going to trade lower with 1.0255/45 the short term objective.

We lose 1.0245 and 1.0225 will once more entice. Resistance from current levels is at 1.0375/85. We would advise shorts on any rallies to here, keeping stops above 1.0400.

 

SUPPORT
1.0300/95
1.0270
1.0255/45
1.0225
1.0210
1.0210
1.0180
1.0155/45*
1.0130

RESISTANCE
1.0325/30
1.0355
1.0375/85
1.0400*
1.0425/36
1.0444
1.0470/80
1.0505
1.0517

SHORT TERM FIB
23.6  1.0350
38.2  1.0312
50   1.0281
61.8  1.0249
76.4  1.0211

MED TERM FIB
23.6  10256
38.2  10329
50  10386
61.8  10442
76.4  10514

 


 

The article was first published by CharmerCharts