The AUDUSD continued its bearish momentum yesterday , printed a new resistance at the 0.9574 levels and new support at the 0.9471 levels. On the downside. stability below the 0.9574 levels on a daily basis will keep the pair under pressure , losing 0.9471 would open the 0.9387 levels ahead of the 0.9280 levels, below 0.9280 will target 0.9115 ahead of 0.8971 levels !
On the upside. resistance comes at the 0.9574, break of this level on a daily basis would target the 0.9757 levels, a halt is suggested around this level, but break of 0.9757 would open 0.9960 , further out will aim the 1.0220 levels.
Overall, as long as 0.9574 holds on a daily basis the pair will remain under pressure with risk towards the 0.9387 ahead of 0.9280 , break of 0.9574 will reverse risks to the upside towards the 0.9757 levels.
Support and resistance : 0.8847 , 0.8971 , 0.9115, 0.9280, 0.9387 , 0.9471 , 0.9574 , 0.9757 , 0.9660 , 10.220 , 1.0310
Recommendations : Sell after rejection below 0.9574 levels or 0.9471 levels - OR Buy after rejection above 0.9574 levels.