Technical Forex Market Outlook
AUD/USD:
Weekly Forecast: Somewhat higher
Resistance: 1.0303/70, 1.0444/98, 1.0608, 1.0654, 1.0718/26, 1.0730, 1.0751, 1.0763, 1.0784, 1.0909, 1.1000, 1.1015, 1.1064 and 1.1079.
Support: 1.0229, 1.0214, 1.0201, 1.0116, 1.0100, 1.0052, 1.0012, 1.0000, 0.9983, 0.9925, 0.9863, 0.9732, 0.9689, 0.9667, 0.9651, 0.9620/27, 0.9536/41 and 0.9500.
200-day MA: 1.0415 and flat.
14-day RSI: 49.4 and falling.
