26 Mar 2015
AUD/USD: Below 0.7790 should expose 0.7750 - FXStreet
FXStreet (Bali) - Valeria Bednarik, Chief Analyst at FXStreet, offers her insights on AUD/USD, noting that below the 0.7790 support should see 0.7750 exposed.
Key Quotes
"The Australian dollar lost its latest charm, easing against the greenback to a 2-day low of 0.7828, consolidating by the end of the day a few pips above the level."
"There will be no relevant data in Australia during the upcoming Asian session, which means the pair may continue following technical studies during the upcoming hours."
"Short term, the 1 hour chart shows an increased bearish potential as the price stands below a bearish 20 SMA and the technical indicators heading lower in negative territory."
"In the 4 hours chart the price is breaking below a bullish 20 SMA, whilst the technical indicators present strong bearish slopes near their mid-lines, about to signal additional declines."
"A downward continuation below the 0.7790 support should see the pair accelerating lower, eyeing as next short term target, the 0.7750 price zone."
Key Quotes
"The Australian dollar lost its latest charm, easing against the greenback to a 2-day low of 0.7828, consolidating by the end of the day a few pips above the level."
"There will be no relevant data in Australia during the upcoming Asian session, which means the pair may continue following technical studies during the upcoming hours."
"Short term, the 1 hour chart shows an increased bearish potential as the price stands below a bearish 20 SMA and the technical indicators heading lower in negative territory."
"In the 4 hours chart the price is breaking below a bullish 20 SMA, whilst the technical indicators present strong bearish slopes near their mid-lines, about to signal additional declines."
"A downward continuation below the 0.7790 support should see the pair accelerating lower, eyeing as next short term target, the 0.7750 price zone."