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AUD/USD – Remains Steady Below Resistance at 0.88

From marketpulse.com

During the early hours of the Asian trading session on Thursday, the AUD/USD is remaining very steady below the resistance at 0.8800 again after finishing last week meeting significant resistance there. The Australian dollar was in a free-fall for a lot of last year falling close to 20 cents and it has done very well to recover slightly to near 0.95 again earlier this year. Current range: trading right around 0.8770. Further levels in both directions: • Below: 0.8650. • Above: 0.8800, 0.9000, and 0.9100. OANDA’s Open Position Ratios (Shows the ratio of long vs. short positions held for the AUD/USD among all OANDA ... (full story)

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