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10 Feb 2015
AUD/USD long-term bearish tone intact – Kshitij Consultancy
FXStreet (Barcelona) - Analysts at Kshitij Consultancy view that as long as AUD/USD trades below 0.8060, the bearish tone for the pair remains intact.
Key Quotes
“The Aussie (0.7826) surprises by rising from yesterday's low of 0.7748.”
“Watch immediate, intra-day Resistance at 0.7842. Should that break, we could see a further rise towards 0.7920.”
“The long-term downtrend remains in force while the market remains below 0.8060, but we have to see whether there are chances of seeing a rise towards that level.”
Key Quotes
“The Aussie (0.7826) surprises by rising from yesterday's low of 0.7748.”
“Watch immediate, intra-day Resistance at 0.7842. Should that break, we could see a further rise towards 0.7920.”
“The long-term downtrend remains in force while the market remains below 0.8060, but we have to see whether there are chances of seeing a rise towards that level.”