$0.9344 resistance remains key to AUD/USD recovery

Author: Kyle Shortland | Category: News

The 0.9344 high from Jun 26 is the resistance level to watch. A close above this level is needed to see focus shift to a potential bounce to the 0.9670-75 region. While 0.9344 caps a continuation lower that targets the 0.8770-00 region remains the overall target.

It is worth noting that the pair is again stumbling at the 21-DMA with a close above not seen since back in April.