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.


2 topics

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.

Expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.