(08 JANUARY 2018)AUD / USD:Riding higher.

(08 JANUARY 2018)AUD / USD:Riding higher.

8 January 2018, 13:25
Jiming Huang
0
19

aud


Riding higher.

(Yann Quelenn)

• AUD/USD's upside pressures are growing.

Hourly resistance given at a distance at 0.7897

(13/10/2017 high). Support stands at 0.7638

(15/12/2017 low). The road is wide open for

further upside.

• 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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