Heading higher.
(By Yann Quelenn)
• AUD/USD has broken downtrend channel.
Hourly support can be found at 0.7786
(18/07/2017 low). Hourly resistance is given at
0.8066 (27/07/2017 high). Expected to further
consolidate.
• In the long-term, we are waiting for further
signs that the current downtrend is ending. Key
supports stand at 0.6009 (31/10/2008 low) . A
break of the key resistance at 0.8295 (15/01/2015
high) is needed to invalidate our long-term
bearish view.
