(30 OCTOBER 2017)AUD / USD:Continued weakness

(30 OCTOBER 2017)AUD / USD:Continued weakness

30 October 2017, 12:39
Jiming Huang
0
11

aud


Continued weakness

(By Yann Quelenn )

• AUD/USD has weakened. The pair has broken

support at 0.7733 (06/10/2017 low) Hourly

resistance is given at 0.7897 (13/10/2017 high).

Further. Expected to show continued decline

towards key support at 0.7571 (05/07/2017 low).

• 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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