Keep a close watch on the AUD/USD as it is currently positioned near a key technical support level, which if broken, would indicate the potential for it to...

Angela Mangan

QMG Pty Ltd

Keep a close watch on the AUD/USD as it is currently positioned near a key technical support level, which if broken, would indicate the potential for it to revisit the January 2014 low point @0.8660. The AUD/USD previously generated a technical sell signal at 0.9203 on 10/9/14, with the technicals turning negative at that point. It reached the nominated minimum downside target @0.9000 on 15/9/14. The potential now exists for a further negative technical break, and for the next downward move to occur.


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Angela Mangan
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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