Analysts at Kshitij Consultancyshare the technical outlook for AUD/USD.
Key Quotes
“As it turns out, the intra-day Resistance at 0.7842 mentioned yesterday on the Aussie (0.7775) held well possibly reinforcing the overall downtrend.”
“Layers of Resistances coming up overhead now (0.7842, 0.7888, 0.7910, 0.8030).”
“Path of least Resistance points down towards 0.7675-35 in the near term.”
Key Quotes
“As it turns out, the intra-day Resistance at 0.7842 mentioned yesterday on the Aussie (0.7775) held well possibly reinforcing the overall downtrend.”
“Layers of Resistances coming up overhead now (0.7842, 0.7888, 0.7910, 0.8030).”
“Path of least Resistance points down towards 0.7675-35 in the near term.”
