6 Apr 2015
AUD/USD bearish whilst below 0.7720 – Vladimir Mihaylov
FXStreet (Barcelona) - Independent Analyst, Vladimir Mihaylov, maintains a bearish bias on AUD/USD while the pair remains below 0.7720, with the pair trying to base around 0.7600.
Key Quotes
“AUD is desperately trying to form a solid ground somewhere around 0.7600. However below 0.7720 the pair is bearish and the future outlook too.”
“We have a resistance are between 0.7720 and 0.7750. Only a Daily close above it will target the 0.7830 an from there an attack of the negative daily cloud will begin.”
Key Quotes
“AUD is desperately trying to form a solid ground somewhere around 0.7600. However below 0.7720 the pair is bearish and the future outlook too.”
“We have a resistance are between 0.7720 and 0.7750. Only a Daily close above it will target the 0.7830 an from there an attack of the negative daily cloud will begin.”