AUD/USD: daily update
Support in the $0.9130 managed to hold yesterday and the bulls made another attempt to bring AUD/USD to the upside. Aussie approached $0.9290.
Australian dollar got support from H4 Ichimoku Cloud and rose above the 200-period MA. The pair has a chance to recover to $0.9305, $0.9325 (June 11 low), $0.9370 (23.6% Fibo of the decline from April) and $0.9400.
We don’t expect a sustainable recovery though. Support lies at $0.9260, $0.9220 and $0.9150.
Chart. H4 AUD/USD