BUZ INVESTORS AUDUSD Daily Finish The AUDUSD decreased 0.0009 or 0.11% to 0.7542 on Thursday June 22 from 0.7550 in the previous trading session. Historically, the Australian Dollar reached an all time high of 1.10 in July of 2011 and a record low of 0.48 in April of 2001.
Yesterday’s retreat has kept aussie under near term pressure and 0.7535 needs to hold to retain prospect of another rise, above 0.7600 would bring test of indicated resistance at 0.7636, break there would confirm recent upmove has resumed and extend the rise from 0.7329 towards previous resistance at 0.7680 but loss of momentum should limit upside to chart resistance at 0.7750 and price should falter below 0.7785-90.
In view of this, we are holding on to our long position entered at 0.7595. Below 0.7535 would defer and suggest top is possibly formed, bring correction to 0.7515-20, break there would provide confirmation, then correction to 0.7490-95 and possibly towards support at 0.7457 would be seen later.
|0.75||0.76||1.10||0.48||1993 – 2017||Daily|
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