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15 Jan 2015
AUD/USD bulls require a close above the highs
FXStreet (Guatemala) - AUD/USD is currently trading at 0.8220 with a high of 0.8297 and low of 0.8133, up 0.75% on the day.
AUD/USD has settled down into a sideways drift post the activity surrounding financial markets and the surprise action from the SNB. The SNB has removed their vows to protect the floor of the EUR/CHF and have uncapped the CHF.
The Aussie was immediately on the back foot below the 0.82 handle but then recovered and surged higher up to test 0.8300 and reaching the highs for the day there before drifting back towards 0.82 again. AUD/USD, technically and in normalised conditions, requires a close above the highs in order to alleviate the bearish pressure. Level's beyond there come with the 0.8472 Fibo. To the downside, 0.8034 recent lows come into focus ahead of the next major target of the double Fibonacci support at 0.7950/30.
AUD/USD has settled down into a sideways drift post the activity surrounding financial markets and the surprise action from the SNB. The SNB has removed their vows to protect the floor of the EUR/CHF and have uncapped the CHF.
The Aussie was immediately on the back foot below the 0.82 handle but then recovered and surged higher up to test 0.8300 and reaching the highs for the day there before drifting back towards 0.82 again. AUD/USD, technically and in normalised conditions, requires a close above the highs in order to alleviate the bearish pressure. Level's beyond there come with the 0.8472 Fibo. To the downside, 0.8034 recent lows come into focus ahead of the next major target of the double Fibonacci support at 0.7950/30.