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Forex pairs in this Article » AUD/USD (Barcelona) - Nomura Strategist Saeed Amen has taken a look at AUDUSD from a purely technical perspective.

Amen is bullish on the pair and notes that spot is a touch lower on the week. Looking at an daily chart he comments that spot has bounced off the 55 SMA, which looks to be providing support. RSI (14) is also at fairly neutral levels. He writes, "With (Bollinger) bandwidth quite stable, it looks like there will be a continuation of the range. Our target is 1.0500 (top of the recent price action).
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