AUD/USD: difficult resistance to break at 0.7835/0.7850


No change...

Aussie still has resistance at 7835 to 7850...and I think this is going to be quite a difficult level to break above...

Our daily charts still point higher..but they are just beginning to look overbought.....and we could easily slip back to 7780/40 over the next 2 sessions...and still be within the recent uptrend thus keeping our med term stochastics still bullish...

So today again we are looking at this 7835/52 resistance....As Iv said...it should prove a difficult one to break. So we are sellers on strength ...holding unless we break 7886...

I think though for today we look at Aussie holding resistance and coming back towards the 7780/40 area and we should be buyers of this currency on any weakness to these lower levels.. 

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