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    HomeContributorsTechnical AnalysisAUD/USD Monitoring Strong Support At 0.7786

    AUD/USD Monitoring Strong Support At 0.7786

    AUD/USD has weakened over the past weeks. Hourly resistance is given at 0.7883 (27/05/2017 high). The pair is approaching support at 0.7786 (18/07/2017 low). Expected to show continued consolidation.

    In the long-term, the trend is turning positive. Key supports stands at 0.6009 (31/10/2008 low) . A break of the key resistance at 0.8164 (14/05/2015 high) is needed to invalidate our long-term bearish view

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