(17 APRIL 2017)AUD / USD:Fading near the resistance at 0.7610.

(17 APRIL 2017)AUD / USD:Fading near the resistance at 0.7610.

18 April 2017, 13:50
Jiming Huang
0
35

AUD

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 

bearish view.

(By Peter Rosenstreich )

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