Descending triangle.
(By Yann Quelenn)
• AUD/USD is ready to go even lower showing
that downside pressures are still lively. Hourly
resistance is given at a distance at 0.7897
(13/10/2017 high). Expected to show renewed
pressures 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.
