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AUD/USD update (17th May 2017, 10:00)

AUD/USD - more bearish movements?

AUD/USD - more bearish movements?

AUD/USD has hovered between $0.7380 and $0.7440 for several days, with the apparent rally off $0.7340 running into trouble.

The sharp drop today may well spark more bearish movements, but the bounce last week off the post-January 2016 rising trendline would mean that we need a close below $0.7340 to get firmly bearish.A recovery back above $0.7440 would signal more gains to come, towards $0.7473 and higher.


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AUD/USD update (17th May 2017, 10:00)

AUD/USD - more bearish movements?

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