While there's not much to add to the daily analysis from yesterday, Aussie closed two pips higher than Monday's close with a lower high and lower low than Monday. This is weak behavior after Monday's disappointing price action. Watch the boundary of 1.0013—it has dipped below there this morning. A close below .9968 would be very negative.
Resistance is at 1.0158/80 (last week's high, trend line), 1.0257, and 1.0300.
Support is at .9985, .9968/44, .9916, and .9896/88.
No chart until there's more definitive price action.
© Dianne Fecteau, 2011. No part of this material may be reproduced in any form, or referred to in any other publication, without the express written permission of the author.
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