The AUD/USD technical sell signal minimum downside target located at 0.7680 has been reached

Angela Mangan

QMG Pty Ltd

The AUD/USD technical sell signal minimum downside target located at 0.7680 has been reached. As detailed in 27/1/15 wire, the break below 0.8010 support level indicated that the next downward move was underway and generated a new technical sell signal. The AUD/USD had 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 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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