The AUD/USD has reached the minimum downside technical target located at 0.8220 as a result of overnight decline (it reached a low of 0.8215)

Angela Mangan

QMG Pty Ltd

The AUD/USD has reached the minimum downside technical target located at 0.8220 as a result of overnight decline (it reached a low of 0.8215). It had originally generated a technical sell signal at 0.9203 on 10/9/14, which resulted in the technical outlook turning negative. The AUD subsequently generated a technical sell signal as a result of the close below the 0.8660 support barrier on 5/11/14. The AUD technicals remain negative given there is no sign of base forming emerging.


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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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