AUD/USD Mid-Day Outlook

Jul 22 2010

AUD/USD's break of 0.8870 resistance confirms that whole choppy rise from 0.8066 has resumed. Intraday bias is back on the upside and further rally should be seen 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