Strengthening.
(Yann Quelenn )
• AUD/USD's technical structure is bullish since
early May despite some consolidation move. The
pair should further head back towards resistance
at 0.7712 (30/06/2017 high). However, a break of
support at 0.7520 (09/06/2017 low) would
nonetheless indicate a renewed bearish trend.
• 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.
