(10 JULY 2017)AUD / USD:Strengthening.

(10 JULY 2017)AUD / USD:Strengthening.

10 July 2017, 13:47
Jiming Huang
0
18

aud


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.

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