AUD/USD: daily update
On Thursday AUD/USD bounced back from $0.9190 to $0.9060 in the US trade, but has finally found some support on worse-than-expected American figures. On Friday Aussie dollar has once again retested the $0.9190 resistance. As of writing, the pair is seen at $0.9175. All eyes on US data today (http://fxbazooka.com/en/calendar).
Aussie is showing some signs of strength, but it is still too early to speak about any kind of bullish reversal. Rise above $0.9190 would open the way to $0.9220 (long-term resistance). Next resistance lies at $0.9240 (daily bearish Ichimoku), $0.9260 (23.6% Fibo) and $0.9300.
We believe that the pair could extend correction to the $0.9250 area or maybe even higher, but it clearly remains under long-term bearish control below $0.9300.
Support lies at $0.9145, $0.9100, $0.9080 and $0.9060.
Chart. H4 AUD/USD