AUDUSD still struggling to approach let alone hold 0.9300. Fridays's high 0.9296, and only Wednesday news spike has broken through - a false break? I'll cover only on a break and hold above 0.9300 on a daily basis. The AUDJPY is also holding the AUD back so this looks a more compelling option at present.
AUD/USD – Continues to Place Pressure on Resistance Level at 0.93
To finish off last week, the AUD/USD moved up towards the 0.93 level again as it recovered some of the lost ground from earlier in the week. Last week 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 earlier last week, it fell sharply to back under 0.92 and started to place pressure on the short term support level of 0.9150. After finding solid support at 0.90 a couple of weeks ago, it did well to rally moving up above 0.92 for the first time in nearly a week and getting to within a whisker of 0.93 again. The 0.93 level has provided ... (full story)