(28 AUGUST 2017)AUD / USD:Heading higher.

(28 AUGUST 2017)AUD / USD:Heading higher.

28 August 2017, 13:36
Jiming Huang
0
17

aud

Heading higher.

(By Yann Quelenn)

• AUD/USD has broken downtrend channel. 

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 further 

consolidate. 

• 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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