11th Jul - AUD/USD Hits Key Resistance
11 July 2014
WEEKLY CHART:
Recovery from the channel base support remains intact but has slowed.
DAILY CHART:
The recovery seemed to become lacklustre in Apr but has now managed to reach key resistance here offered by a channel top projection.
A clear break through this would provide bulls with a welcome boost and invite higher targets.
At this stage a slip below the 0.9200 area would imply a deeper correction phase was in process.
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10th July - Beware Bonds, particularly UK Gilts 
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11th Jul - Wheat Breaches 76.4% Support