AUD/USD: Technically 0.7450 is the One to Watch - FXStreet

AUD/USD: Technically 0.7450 is the One to Watch - FXStreet

4 May 2016, 01:07
Roberto Jacobs
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AUD/USD: Technically 0.7450 is the One to Watch - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained the technical picture surrounding AUD/USD

Key Quotes:

"In the 4 hours chart, the price remained capped by a flat 20 SMA, now around 0.7660, while the technical indicators head sharply lower within bearish territory, with room to extend their slides, and supporting a downward continuation, particularly if the ongoing decline extends below 0.7450, the 38.2% retracement of this year's rally, a major support."


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