(18 DECEMBER 2017)AUD / USD:Pushing higher

(18 DECEMBER 2017)AUD / USD:Pushing higher

18 December 2017, 13:20
Jiming Huang
0
31

aud


Pushing higher.

(By Yann Quelenn )

• AUD/USD's upside pressures are growing.

Hourly resistance is given at a distance at 0.7695

(15/12/2017 high). Support stands at 0.7502

(08/12/2017 low). Expected to push even higher.

• 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.

Share it with friends: