Although bullish, as long as the 0.9444/60 levels cap gains, AUDUSD remains biased to the downside. On the downside, support lies at the 0.9321 level where a break will aim at the 0.9300 level.
Below here if seen will aim at the 0.9256 level where a break could force further downside towards the 0.9200 level. On the upside, resistance comes in at 0.9444/60 levels.
A violation of here will turn attention to the 0.9500 level. Further out, resistance resides at the 0.9550 level. All in all, the pair remains biased to the upside.
Guest post by FX Tech Strategy
