(17 JULY 2017)AUD / USD:Buying pressures increase again.

(17 JULY 2017)AUD / USD:Buying pressures increase again.

17 July 2017, 13:51
Jiming Huang
0
8

aud


Buying pressures increase again.

(By Yann Quelenn)

• AUD/USD's technical structure is bullish since 

early May despite some consolidation move. An 

unlikely 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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