(24 JULY 2017)AUD / USD:Consolidating.

(24 JULY 2017)AUD / USD:Consolidating.

24 July 2017, 13:50
Jiming Huang
0
17

aud


Consolidating.

(By Yann Quelenn )

• AUD/USD's technical structure is bullish since 

early May despite some profit-taking. Hourly 

resistance is given at 0.7989 (19/07/2017 high). 

Hourly support is given at 0.7875 (21/07/2017 

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.

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