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31 Jul 2014
Credit Suisse : AUD/USD to keep falling towards support at 0.9267/58 - eFXnews
FXStreet (Barcelona) - The eFXnews team remark that Credit Suisse expects AUD/USD to continue weakening towards the trendline and price support at 0.9267/58, before dropping further towards the more important price and support at 0.9232/02.
Key quotes
"Below here sees the completion of a much larger top, to target the 200-day average at .9186/82 initially."
"Immediate resistance shows at .9334, followed by .9356. Above .9373/74 is needed to ease the immediate downside bias.”
“In line with this view, CS entered a short AUD/USD position with a stop at 0.9390, and a target at 0.9215.”
‘This content has been provided under specific arrangement with eFXnews.’
Key quotes
"Below here sees the completion of a much larger top, to target the 200-day average at .9186/82 initially."
"Immediate resistance shows at .9334, followed by .9356. Above .9373/74 is needed to ease the immediate downside bias.”
“In line with this view, CS entered a short AUD/USD position with a stop at 0.9390, and a target at 0.9215.”
‘This content has been provided under specific arrangement with eFXnews.’