0
58
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.
