AUD/USD looking like a double top forming at 0.9193
The AUD/USD appears to be having challenges breaking above the 0.9193 as a double top forms. The pair has been in a bullish trend since late February, 2010. The pair has only been below the 200 Hour moving average once in that entire time so the bias remains bullish for the time being, however, the pair may move to test the 100 Hour moving average in the near term (blue line 0.9134). Below that the 200 Hour MA (green line) comes into focus at 0.9087.
Key resistance levels on the top side are seen at 0.9250, 0.9326 and then at the 2009 high of 0.9405.
