Selling pressures continue to increase.
• AUD/USD's short-term technical structure is
bearish. Hourly resistance is given at 0.8066
(27/07/2017 high) while hourly support can be
found at 0.7875 (21/07/2017 low). Expected to
show further consolidation.
• 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