(02 OCTOBER 2017)AUD / USD:Monitoring strong support at 0.7786.

(02 OCTOBER 2017)AUD / USD:Monitoring strong support at 0.7786.

2 October 2017, 13:36
Jiming Huang
0
14

aud


Monitoring strong support at 0.7786.

(By Yann Quelenn)

• AUD/USD has weakened over the past weeks. 

Hourly resistance is given at 0.7883 (27/05/2017 

high). The pair is approaching support at 0.7786 

(18/07/2017 low). Expected to show continued 

consolidation. 

• In the long-term, the trend is turning positive. 

Key supports stands at 0.6009 (31/10/2008 low) . 

A break of the key resistance at 0.8164 

(14/05/2015 high) is needed to invalidate our 

long-term bearish view.

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