AUD/USD TECHNICALS - KEY RESISTANCE TO WATCH LOCATED @0.7681
The AUD/USD previously generated a technical buy signal at 0.7228 on 22/2/16. At that point the technical outlook turned positive. The AUD/USD technicals remain positive given there is no sign of a technical top formation emerging. Major resistance to watch is now located at 0.7681. A New York close above 0.7681 if it occurs, would indicate the potential for a further rally to 0.7850. (Although the AUD/USD has spiked above the 0.7681 level during intra-day trading, it has not yet been able to sustain the upside break on a closing basis).
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.