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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.
