We have been talking about AUD strength for a while now, seasonally the market is coming into a strong period and being at the key support level we expected a move higher.
Looking at the market technically we bounced from the key support of 78.70 and have recently seen the market break structure resistance forming a higher high.
This is crucial in looking for the market to move higher. Structure resistance should now become support at 80.40.
Look for targets at the key resistance at 81.80.
Looking at the market technically we bounced from the key support of 78.70 and have recently seen the market break structure resistance forming a higher high.
This is crucial in looking for the market to move higher. Structure resistance should now become support at 80.40.
Look for targets at the key resistance at 81.80.