AUDUSD – More Resistance Ahead

25 Sep - AUDUSD Daily

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Hi All,

Just a quick update on the Aussie dollar. In my last commentary (see article), I was looking for more price confirmation before it moved higher.  While it followed my plan, I have no celebrations just yet as I see more Resistance if price move higher. In fact, I see a potential resistance zone (apprx 0.957-0.976).

With that, I’ll be keeping a close watch and very likely sitting aside on this.

Thank you for reading and happy trading.

P.s. Just reminder that Q3 is closing in the next few days. I’d expect to see some unusual movements coming up.

 

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