(16 OCTOBER 2017)AUD / USD:Consolidating below 0.79.

(16 OCTOBER 2017)AUD / USD:Consolidating below 0.79.

16 October 2017, 13:43
Jiming Huang
0
14

aud

Consolidating below 0.79.

(Yann Quelenn )

• AUD/USD has surged and is now pausing below 0.7900. Hourly resistance is given at 0.7897 (13/10/2017 high). Support lies at at 0.7733 (06/10/2017 low). Expected to show continued increase. • 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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