4 May 2015
AUD/USD targeting 0.7561-0.7533 zone – Goldman Sachs
FXStreet (Barcelona) - According to FX Strategists at Goldman Sachs, AUD/USD has failed its upside break and has decline back to its old range, now targeting the base of the 0.7561-0.7533 range.
Key Quotes
“AUDUSD failed to hold the break above the Feb. 26th/Mar. 24th highs at 0.7882-0.7939. It’s now developing momentum below the 100-dma at 0.7873. The 55-dma is next down at 0.7755.”
“Ultimately want to be targeting the base of the range down at 0.7561-0.7533 (lows from Mar. 11th to Apr. 14th).”
Key Quotes
“AUDUSD failed to hold the break above the Feb. 26th/Mar. 24th highs at 0.7882-0.7939. It’s now developing momentum below the 100-dma at 0.7873. The 55-dma is next down at 0.7755.”
“Ultimately want to be targeting the base of the range down at 0.7561-0.7533 (lows from Mar. 11th to Apr. 14th).”