Technical analysis of AUD/USD for March 10, 2014




The pair is reaching the major resistance zone 0.9152-0.9166. On Friday's trading session the price broke the resistance level 0.9080 and made high at 0.9133. In the Asia's trading session, the pair is trading at 0.9058, coming back and trading below the previous resistance level 0.9080. Currently the pair looks attractive for buying only if it trades above this level for the targets 0.9122, 0.9166, 0.92 and 0.9256. On the downside 0.8972 and 0.8923 is the strong support. Break below 0.8923 looks weak and could fall up to 0.8730, 0.8693 and 0.8659.


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