19 Feb 2015
AUD/USD short-term bearish – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, shares the key technical levels and the outlook for AUD/USD, adding that technicals suggest the pair favours the downside in the short-term.
Key Quotes
“The AUD/USD pair advanced up to 0.7842, but once again was unable to sustain its gains above the 0.7830 level, and trades uneventfully below the 0.7800 figure.”
“The technical picture shows that price action has been quite choppy intraday, but the short term technical picture favors the downside, as the price develops below its moving averages while the technical indicators head lower in negative territory.”
“Short term buyers have stalled the decline in the 0.7750 area, the immediate support level, with a break below it risking an extension towards the 0.7680 price zone.”
“Support levels: 0.7750 0.7720 0.7680”
“Resistance levels: 0.7830 0.7865 0.7900”
Key Quotes
“The AUD/USD pair advanced up to 0.7842, but once again was unable to sustain its gains above the 0.7830 level, and trades uneventfully below the 0.7800 figure.”
“The technical picture shows that price action has been quite choppy intraday, but the short term technical picture favors the downside, as the price develops below its moving averages while the technical indicators head lower in negative territory.”
“Short term buyers have stalled the decline in the 0.7750 area, the immediate support level, with a break below it risking an extension towards the 0.7680 price zone.”
“Support levels: 0.7750 0.7720 0.7680”
“Resistance levels: 0.7830 0.7865 0.7900”