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.
