The AUD/USD major technical support and current downside technical target is now located at 0.7680
The AUD/USD major technical support and current downside technical target is now located at 0.7680. The AUD/USD originally generated a technical sell signal at 0.9203 on 10/9/14, which resulted in the technical outlook and trend turning negative. It subsequently generated further technical sell signals as a result of breaking further key support levels and progressively moving into lower trading ranges. The break below 0.8010 late last week indicated that the next downward move was underway and generated a new technical sell signal.
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.