AUD/USD Daily Outlook

Jul 20 2010

The strong rebound from 0.8632 suggests that recent choppy rally in AUD/USD is not completed yet. Break of 0.8870 will bring another rise towards 0.9380/9404 resistance zone. But we'd expect upside to be limited there to bring another fall to continue the medium term consolidation. On the downside, below 0.8632