AUD/USD Daily Report by CharmerCharts

Aussie hasn't really done a lot...so this leaves the outlook unchanged. Currently once more trying for the 1.0300 /1.0295 support again, and we shall see if this holds. The 4hrly charts have turned bullish and we also have the short term 50% fib level at 1.0281 so this band should hold the downside for the time being.

Any longs though instated to here are to be reversed if the market makes a break below 1.0270. If we do lose this area we are going to trade lower with 1.0255/45 the short term objective.

We lose 1.0245 and 1.0225 will once more entice. Resistance from current levels is at 1.0375/85. We would advise shorts on any rallies to here, keeping stops above 1.0400.

SUPPORT
1.0300/95
1.0270
1.0255/45
1.0225
1.0210
1.0210
1.0180
1.0155/45*
1.0130

RESISTANCE
1.0325/30
1.0355
1.0375/85
1.0400*
1.0425/36
1.0444
1.0470/80
1.0505
1.0517

SHORT TERM FIB
23.6  1.0350
38.2  1.0312
50   1.0281
61.8  1.0249
76.4  1.0211

MED TERM FIB
23.6  10256
38.2  10329
50  10386
61.8  10442
76.4  10514

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