TECHNICAL ANALYSIS BY NSFX 25.07.2014
Ending last week on a positive rally for the AUD we see a pullback earlier this week, with the 50 day SMA acting as support. The 100 day SMA below and the 0.93 figure offering further support should the 50 day SMA give way. Resistance now expected towards the 0.9450 level. Should we see a break above we could once again target the month high.