(21 AUGUST 2017)AUD / USD:Ready for bullish breakout.

(21 AUGUST 2017)AUD / USD:Ready for bullish breakout.

21 August 2017, 13:50
Jiming Huang
0
25

aud

Ready for bullish breakout.

(By Yann Quelenn)

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

reversed. Hourly support can be found at 0.7786 

(18/07/2017 low). Hourly resistance is given at 

0.8066 (27/07/2017 high). Expected to show 

continued growth. 

• 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: