Stalling below 0.8000.
(Yann Quelenn )
• AUD/USD's technical structure has finally not
reversed. Hourly resistance is now given at
0.8066 (27/07/2017 high). Hourly support given at
0.7875 (21/07/2017 low). Expected to show
continued upside pressures.
• 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.
