(14 AUGUST 2017)AUD / USD:Growing selling pressures.

(14 AUGUST 2017)AUD / USD:Growing selling pressures.

14 August 2017, 13:52
Jiming Huang
0
17

aud


Growing selling pressures.

(Yann Quelenn )

• AUD/USD's short-term technical structure is 

bearish. Hourly support can be found at 0.7786 

(18/07/2017 low) has been broken. Hourly 

resistance is given at 0.8066 (27/07/2017 high) . 

Expected to show continued decline. 

• 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.

Share it with friends: