Bouncing back.
• AUD/USD's technical structure is positive since
early May. Yet, in the short-term there will likely
be bearish pressures towards support given at
0.7520 (09/06/2017 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 Yann Quelenn)
