AUD/USD: Prefer to play from the long side today by Sean Lee

  • AUD/NZD has managed to close back above 1.0220 resistance;
  • EUR/USD has closed above 1.0800 and the USD bulls are looking modestly shaky;
  • AUD/USD is trying to build a base on the dailies and a test of important resistance levels near .7900 looks likely in coming sessions.

I prefer to play AUD/USD from the long side today. We are currently trading around .7780 and I expect support levels to emerge below .7760 with an upward session bias towards .7840.

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