The AUDUSD pair is currently trading in a near term range in the 0.9000 – 0.9400 zone. Support has been found this week at the psychological round number area 0.9000. The 0.9000 handle has proved to be a difficult level for the AUDUSD bears after a strong drop from the 1.0800 area with little in the way of a corrective retrace to speak of. In terms of resistance, the key technical area around 0.9400 previously held as resistance in 2009/2010 and subsequently became support in 2011 – we therefore see this as a long term support to resistance price pivot area. The daily timeframe price action has seen a doji candle on ... (full story)