AUDUSD Fails to Close Below Support Line

Published April 17th, 2009 - 12:57 GMT
Al Bawaba
Al Bawaba

Dollar weakness late in the day resulted in the AUDUSD closing above its support line that has held since March 10.  It is still possible that a top is in place at the April 13th high (.7331) but a close below the mentioned line would have increased confidence in the downside.  .7247 is potential resistance tonight and tomorrow.