The AUDUSD continued it bullish momentum last week ,topped at the 0.9444 levels and printed support at the 0.9353 levels .This development leaves the pair targeting the 0.9510 levels , a halt is likely , but a break would open 0.9590 next , further upside will aim the 0.9680 levels.

On the downside , support comes at the 0.9375 levels ahead of 0.9353 ( main) , stability above support levels will keep the bullish momentum intact , however ; losing the 0.9353 levels on a weekly closing basis will reverse risks towards the 0.9250/0.9200 levels , before the next possible rise.

In all , as long as support 0.9353 holds on a weekly closing basis , outlook  in AUDUSD  remains on the upside towards the 0.9510 levels ahead of the 0.9590 levels .Below 0.9353  will reverse risks towards the 0.9250/0.9200 levels……


Written by www.askhaitham653.com/

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