(31 JULY 2017)AUD / USD:Stalling below 0.8000.

(31 JULY 2017)AUD / USD:Stalling below 0.8000.

31 July 2017, 13:34
Jiming Huang
0
13

aud


Stalling below 0.8000.

(Yann Quelenn )

• AUD/USD's technical structure has finally not 

reversed. Hourly resistance is now given at 

0.8066 (27/07/2017 high). Hourly support given at 

0.7875 (21/07/2017 low). Expected to show 

continued upside pressures. 

• 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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