AUD 1.0420 resistance

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There is AUD/USD resistance around 1.0420. and then again around 1.0435.

After the RBA announcement of no change in the Cash target rate today the AUD/USD immediately spiked to 1.0450/55 only to be hit very hard back to 1.0415. It traded 15/25 for 10 minuteds before falling below 1.04 and has since retraced.

There should now be sell orders around the 1.0420 level, more around 1.0435.

Author: Eamonn Sheridan

Eamonn Sheridan worked with Bankers Trust Australia for 13 years as a Spot foreign exchange dealer, trading across all major currencies and all time zones. He rose to a Vice President position, running spot operations during the busy European time, leaving the bank just prior to it being sold to concentrate on running his own business in the ‘real world’! The markets, however, had him hooked – he continued to trade equities, CFDs and then on to futures, giving him broad experience across financial markets. He is now active in FX and equity index futures as well as writing for ForexLive™. Eamonn is a graduate of The University of Melbourne in Australia and lives in New South Wales.




Eamonn Sheridan


  1. …and I’m gonna jummp onto tat bandwagon :)

  2. Hi Eamonn – I had to put into words how truly appreciative I am of your dedication to the cause and all the work you do at FXLive.

    Readers will say they miss the trio largely due to Pete’s well-earned nickname and the fact they are seeking direct instructions on what to trade and when. FXLive is not a broker service, it is a website for information and market talk.

    Your commentary however, is to the point and allows true traders to make their own decisions – The result is a trade that I have chosen and have only myself to blame, or congratulate as the case may be.

    When traders realise the point above, they will begin to appreciate your services to the extent that I already do, and have always done. Keep up the excellent work.
    Cheers Mate! *clink*

  3. Thanks Ben!


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