(02 OCTOBER 2017)AUD / USD:Monitoring strong support at 0.7786.
2 October 2017, 13:36
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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.
