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4 Oct 2013
AUD/USD bulls need a break above 0.9456 to confirm rough patch is over
FXstreet.com (Barcelona) - The AUD/USD rallied off of potential correction support at 0.9282 on Sunday and Tuesday – giving risk bulls short-term confidence. A close above 0.9456 will be required to give bulls the victory, though.
Focus will be on the DC sparring for AUD/USD traders
With no data due out from Australia and the monthly jobs data from the US unavailable due to the government shutdown, AUD/USD traders will have only the miserable bickering in Washington on which to focus Friday.
Technical outlook for AUD/USD
The AUD/USD held key “correction support” at 0.9282 and bounced nicely Sunday and Tuesday. The bounce, however, has thus far failed to eclipse important resistance at 0.9456. The next target on the downside if 0.9282 fails is 0.9253. The next target on the upside on a breakout is 0.9527.
Focus will be on the DC sparring for AUD/USD traders
With no data due out from Australia and the monthly jobs data from the US unavailable due to the government shutdown, AUD/USD traders will have only the miserable bickering in Washington on which to focus Friday.
Technical outlook for AUD/USD
The AUD/USD held key “correction support” at 0.9282 and bounced nicely Sunday and Tuesday. The bounce, however, has thus far failed to eclipse important resistance at 0.9456. The next target on the downside if 0.9282 fails is 0.9253. The next target on the upside on a breakout is 0.9527.