(18 SEPTEMBER 2017)AUD / USD:Downside pressures.

(18 SEPTEMBER 2017)AUD / USD:Downside pressures.

18 September 2017, 13:55
Jiming Huang
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aud


Downside pressures.

(By Yann Quelenn )

• AUD/USD is consolidating lower after the pair 

surged towards 0.8125 (08/09/2017 high). Hourly 

support below 0.7950 (former uptrend channel). 

Expected to further weaken. 

• In the long-term, the trend is largely negative 

since 2011. Key supports stands 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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