AUD/USD Daily forex post August 7, 2014
AUD/USD Technical view
Open | High | Low | Close | Change |
0.9298 | 0.9373 | 0.9289 | 0.9353 | 0.0051 |
Resistance | |
Support | |
R3 | 0.9500 |
R2 | 0.9440 |
R1 | 0.9360 |
S1 | 0.9300 |
S2 | 0.9270 |
S3 | 0.9250 |
The Australian dollar settled with gains versus the US currency, after a volatile session. The pair looks to forming an inverted flag with the near term range at 0.9290- 0.9360. However, key supports are placed at 0.9250- 0.9270, which have to taken out before the Aussie heads to 0.9100- 0.9130. The upside for now should be capped around the 0.9360 mark
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