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AUD/USD – Meeting stiff resistance around 1.0450
For the last few months, the AUD / USD has been on a rollercoaster ride moving sharply between two major key levels at 1.02 and 1.06. Throughout the first half of September, the AUD / USD had an amazing turnaround pushing back towards 1.06 – this level was highly likely to cause a potential problem having been a brick wall of resistance in early August. Then from the middle of September, the AUD/USD slowly but surely drifted lower and once it broke through the support level around 1.04, it was quick to head down towards the support level at 1.02 again. Over the last couple of months it has bounced back off the ... (full story)
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