Яндекс.Метрика AUD/USD technical analysis chart: " possibility of further down move" ⋆ Technologies of the future for life!
Home / Forex Treiding / AUD/USD technical analysis chart: ” possibility of further down move”

AUD/USD technical analysis chart: ” possibility of further down move”


  • share

This is via SG’s daily technical analysis – I’ve snipped out the bit on the Australian dollar

Société Générale have highlighted support and resistance levels, included under the chart

AUD/USD is piercing below the graphical support of 0.7140/60 which represents the lows of May / December 2016. The pair could head towards next objective at 0.6990, the down sloping channel lower limit and even a projection at 0.6950. Lows formed in January 2016 at 0.6825 will be an important support medium term.
(chart from a few hours ago)

Support and resistance levels (or other way round I guess)

  • 0.7275
  • 0.7235
  • 0.72

  • 0.71
  • 0.7030
  • 0.6990

 
ForexLive

About SkyNET

Leave a Reply

Your email address will not be published. Required fields are marked *