The Australian Dollar continues correction at the level of longstanding highs of the previous week, as falling below the 21-day moving average. Today the Australian Dollar received support against the American Dollar as a trend line from Januar's highs and that of the 55-day moving average. Breakthrough below stimulates fall to the low of this month about $0.9481.
RES 4: $0.9851 longstanding high (16 Jul.)
RES 3: $0.9705 10-day MA
RES 2: $0.9682 5-day MA
RES 1: $0.9644 21-day MA
current quotation: $0.9612
SUP 1: $0.9569/64 upside trend from January's low, 55-day moving average
SUP 2: $0.9481 low of 9 Jul.
SUP 3: $0.9440 100-day MA
SUP 4: $0.9330 low of 12 Jun.
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