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AUD/USD technical analysis chart: ” possibility of further down move”

September 11, 2018 by admin 0 Comments

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This is via SG’s daily technical analysis – I’ve snipped out the bit on the Australian dollar

Société Générale have highlighted support and resistance levels, included under the chart

AUD/USD is piercing below the graphical support of 0.7140/60 which represents the lows of May / December 2016. The pair could head towards next objective at 0.6990, the down sloping channel lower limit and even a projection at 0.6950. Lows formed in January 2016 at 0.6825 will be an important support medium term.

(chart from a few hours ago)

Support and resistance levels (or other way round I guess)