Forex EUR/USD USD/JPY GBP/USD USD/CHF USD/CAD AUD/USD NZD/USD EUR/GBP Bitcoin Emerging Market Currencies EUR/JPY

AUD Index: AUD/USD pushes towards 0.945

[!fm[](/uploads/story/11776/pic6.png)](# “”)

The dips have once again been bought and we have pushed further towards the highs which have contained this rally so far with key Chinese and Australian risk events overnight to potentially break us higher at last if the numbers are good. 0.9450 is the line in the sand that we need to hold above for AUDUSD so strong Chinese data will likely see us head higher towards the 0.9511 resistance level. Gold is also supportive of the Aussie at the moment although remains equally unable to progress higher in any meaningful way yet. This last push higher though seems to have been with more vigour than previously, but again, with the dollar now oversold the risk of this break higher for gold running out of steam is high. I am bullish AUD% but only if Chinese numbers are good
**AUD% Index Resistance: AUDUSD 0.9450, 0.9511**
**AUD% Index Support: AUDUSD 0.9420, 0.9395,0.9338**
Get RCIS Indicator here

Leave a Reply

Your email address will not be published. Required fields are marked *

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. Click here for more information.