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AUD/USD – Makes Another Run at the Resistance Level at 0.93

From forexblog.oanda.com

In the last few hours the AUD/USD has recovered some of the lost ground from the previous day, as it has made another push above 0.92 towards the well established resistance level at 0.93. It did very well to maintain its price level well above 0.92 as place upward buying pressure on the resistance level at 0.93 however a couple of days ago, it fell sharply to back under 0.92 and started to place pressure on the short term support level of 0.9150. After a solid start to last week, the AUD/USD finished out last week just easing back a little under 0.92 after being turned away from the resistance level at 0.93 again. ... (full story)

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