AUDUSD can be up to the 0.9166 levels , support 0.8940 !

Minors - 956854 (1)

The AUDUSD continued its bullish momentum yesterday, bottomed at the 0.8940 levels and topped at the 0.9046 levels.  This development leaves the pair targeting the 0.9085 levels where a breach is likely, If seen, the pair will recapture the 0.9166 levels, further out will aim the 0.9330 levels.

On the downside, support comes at the 0.8940, losing this level would only delay the bullish move, but downside below 0.8940 should be contained by the 0.8730 levels, losing the 0.8730 will confirm topping and open the 0.8660 levels.

In all, the AUDUSD will remain biased to the upside with risk towards 0.9085 ahead of the 0.9166 levels as long as support 0.8940 holds on a daily closing basis, losing the 0.8940 levels will delay the bullish move for retesting the 0.8730 levels before the next possible rise.

 

AUDUSD can be up to the 0_9166 levels , support 0_8940 !

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