Sunday, December 1, 2013

AUD/USD Daily Outlook

AUD/USD recovers mildly today but with 0.9203 minor resistance intact, the decline from 0.9757 could extend lower. Below 0.9055 temporary low will target 100% projection of 0.9757 to 0.9267 from 0.9447 at 0.8957. On the upside, though, break of 0.9203 will indicate short term bottoming and would turn bias back to the upside for 0.9267/9447 resistance zone.



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