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.
