Technical Analysis – AUDUSD, 4-hourly: Aussie range-bound, struggling to find direction against USD
Posted on September 4, 2014 at 8:09 am GMTThe Australian dollar has been the best performing developed country currency of the year-to-date, rising by 4.7% against the greenback. However, that rally took place between January and mid-April earlier in the year and the aussie has since been marking time more or less, as two attempts to overrun the 0.9450 – 0.9500 level have failed. For the past 5 weeks, the aussie has spent time between the 0.9240 level on the downside and 0.9370 and those would be key [..]