AUD Trading Outlook
INTRADAY CONCLUSION: I’m looking at a 1.0260/1.0360 range with a bullish bias. Despite the really heavy selling in pairs like AUD/NZD, the AUD/USD has held up really well so I fancy that the next move will be higher to test important technical resistance at 1.0360.
INTRADAY CONCLUSION: I suggest a broad 1.0220/1.0360 range and whilst I doubt that we will get to the edges of this, I still recommend patience in seeking a good entry level. Slight bias to the topside today, as short-term market might already be a little short.
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