AUD/USD bounced back at 0.7759 (09/02/2018 low), outreaching the 0.7800 range and giving signs of further hike. Hourly resistance at 0.7638 (15/12/2017 low) remains. The technical structure suggests short-term strength.
In the long-term, the trend is turning flattish and fails reaching key resistance at 0.8164 (14/05/2015 low). Key support stands at 0.6009 (31/10/2008 low). A break of the key resistance at 0.8164 (14/05/2015 high) is needed to invalidate our long-term bearish view.
, outreaching the 0.7800 range and giving signs of further hike. Hourly resistance at 0.7638 (15/12/2017 low) remains. The technical structure suggests short-term strength.){kind=link}