AUD/USD, Aussie near 6 years low, again!

aud-usd 08.06.

Aussie aproached six years low and it’s possible to test it again. Last week the pair already was near, but it bounced up strongly on Monday from this 0.7600 level, reached 0.7820 high, where the sellers have taken over the pair and returned it stronly down to 0.7600 again, where the pair closed the week near. At the begining of the this week, the pair rebounded one more time and reached 0.7652 high for now, but it looks like there is not enough strenght. 0.7670/80 is the first stronger resistance on the way up, after wich is several minor resistances until 0.7800. But, what important will be is this 0.7600 as support and previous 6 years low at 0.7530/50 if the pair comes there. It looks like the bears would like to make a new multiyear low. Let’s see how will buyers react here!?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s