(26 JUNE 2017)AUD / USD:Bouncing back.

(26 JUNE 2017)AUD / USD:Bouncing back.

26 June 2017, 13:41
Jiming Huang
0
18

aud


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)

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