AUD/USD Daily Outlook

Jul 22 2010

AUD/USD continues to stay in tight range of 0.8632 and 0.8870 and intraday bias remains neutral. As noted before, the choppy rally from 0.8066 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