Technicals - AUD/USD trend turns positive

Angela Mangan

QMG Pty Ltd

The AUD/USD has completed an upward reversal / generated a technical buy signal as a result of the close above the 0.7180 resistance barrier. The technical trend has turned positive. The expectation is for further upside to occur from current levels. Major subsequent resistance and the minimum upside technical target is located at 0.7440 - the minimum expectation for a rally.


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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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