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  1. #1
    Legendry Member milos's Avatar

    Aussie under pressure this week !!!

    Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Below 0.7368 look for further downside with 0.7335 and  0.7315 as targets.

  2. #2
    Legendry Member milos's Avatar
    The Australian dollar was slightly lower against the US dollar caused by the devaluation of the Chinese currency began to subside. Data showed that the increased inflation expectations in Australia. Australia's growth of inflationary expectations for the next 12 months rose to 3.7% in July from 3.4% the previous month

    AUD/USD recorded the bottom at 0.7330 and subsequently consolidated at 0.7337.The pair was likely to find support at 0.7279 and resistance at 0.7440.

    Capped by negative trend line with targets 0.7325 and 0.7275 in extension.

    Supports and resistances levels

    0.7490 resistance
    0.7430 resistance
    0.7390 resistance
    0.7354 Last
    0.7325 support
    0.7275 support
    0.7210 support

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