AUD 0.00% 1.5332 australian dollar

AUDUSD: Weakens, Faces Further Bear Pressure

  1. 490 Posts.
    lightbulb Created with Sketch. 1
    AUDUSD. The pair continues to hold on to its downside pressure leaving risk lower. On the downside, support resides at the 0.7500 level where a breach will aim at the 0.7450 level. Below that level will set the stage for a run at the 0.7400 level with a cut through here targeting further downside pressure towards the 0.7350 level. On the upside, resistance lies at the 0.7600 level. A cut through here will turn attention to the 0.7650 level and then the 0.7700 level where a violation will set the stage for a retarget of the 0.7750 level. On the whole, AUDUSD remains biased to the downside nearer term.
 
watchlist Created with Sketch. Add AUD (FOREX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.