(07 AUGUST 2017)AUD / USD:Selling pressures continue to increase.

(07 AUGUST 2017)AUD / USD:Selling pressures continue to increase.

7 August 2017, 13:44
Jiming Huang
0
20

aud

Selling pressures continue to increase.

(Yann Quelenn)

• 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 

bearish view.


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