AUD/USD TECHNICALS - KEY RESISTANCE TO WATCH LOCATED @0.7681
Angela Mangan
QMG Pty Ltd
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).
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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.
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.
Expertise
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.
Expertise
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