AUD/USD levels (support, resistance) & comments

Author: Eamonn Sheridan | Category: Forex Orders

Australian dollar levels doing the rounds:

Resistance 
  • 0.6940/50
Support:
  • 0.6900/10
  • 0.6850/60

Some of the remarks:
  • the small move up (towards 0..6940) a symptom of weary shorts, not about change in fundamentals
  • a move down likely to be a grind
  • recent PMIs not a positive for high beta FX

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