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...

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 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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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.