Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

AUDUSD Finds Support But Downtrend Remains

The AUDUSD has found some support recently after pushing up from support at 0.9325. We are still looking to trade in-line with the downtrend in this market and we can watch for price action sell signals from resistance if this market keeps rotating higher. The 21 day EMA and up to about 0.9770 area would be a prime resistance area to look for 4 hour or daily chart sell signals to rejoin the downtrend.