AUD/USD further upside potential / target 0.8375

Angela Mangan

QMG Pty Ltd

The AUD/USD previously generated a technical buy signal at 0.7851 (as detailed in 27/4/15 wire), resulting in the technical outlook turning positive. The nominated minimum upside target was located @0.8200. QMG clients were provided with a Technical Alert yesterday highlighting the potential existed for a secondary technical buy signal to be generated. The overnight rally has resulted in the AUD/USD closing above the required key resistance barrier located @0.8040, which satisfied the technical criteria to generate the secondary technical buy signal. The upside technical target has been increased to 0.8375.

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Angela Mangan
Technical Analyst
QMG Pty Ltd

Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.


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