Daily Forecast - 23 May 2016
AUDUSD Spot
AUDUSD holding above 7210 again re-targets 7231/35 then first resistance at 7254/58. We should struggle here again, but look for strong resistance at 7285/90 on further gains. Just be aware that above 7300 targets strong resistance at 7325/30 for a selling opportunity, with stops above 7360.
First support at 7210/05 but below here retests 7176/73. A break lower targets 7165/60 then 7145/40 & 7105/00.
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