AUD/USD And Possible Supports And Resistances
March 10, 2013 in Chart Alert
AUD/USD has been in a very volatile sideways range since September 2010 i.e. close to two and a half years. The low of this range was 0.9537 if we exclude a brief break of this range during October 2011 when the pair had touched a low of 0.9387. The high was 1.1080.
Since July 2012 another sideways range has been in the place for AUD/USD within the above mentioned range. Recently there was a slight break below that range. The next key supports to be watched are 1.0100 and then 0.9969. These supports also bring in the psychological support of 1.0000 level A break below these is critical to expect any deeper moves towards 0.9600.
AUD/USD weekly chart
You may also like to check the daily analysis for AUD/USD.