Fading near the resistance at 0.7610.
• AUD/USD has failed to break short term
resistance at 0.7610, reversing bullish
momentum. Key resistance stands at 0.7681
(30/03/2017 high). Hourly support is located at
0.7449 (13/01/2017 low).
• 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
(By Peter Rosenstreich )