(09 OCTOBER 2017)AUD / USD:Wide-open for further decline.

(09 OCTOBER 2017)AUD / USD:Wide-open for further decline.

9 October 2017, 13:47
Jiming Huang
0
18

aud


Wide-open for further decline..

(By Yann Quelenn)

• AUD/USD continues to push lower 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 decline. 

• 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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