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4 May 2015
AUD/USD support at 0.7740 key for downside resumption – Vladimir Mihaylov
FXStreet (Barcelona) - Independent Analyst, Vladimir Mihaylov, sees further downside potential for AUD/USD towards 0.7540 on a break below 0.7740 support.
Key Quotes
“AUD is going south too because of the expectation for the RBA to cut the interest rate tomorrow. Current resistance is 0.7830 and the daily support is 0.7740. Breaking below may cause another 200 pips drop to 0.7540.”
“Upside may be restored only on a Daily close above 0.7920, until that we are bearish here.”
Key Quotes
“AUD is going south too because of the expectation for the RBA to cut the interest rate tomorrow. Current resistance is 0.7830 and the daily support is 0.7740. Breaking below may cause another 200 pips drop to 0.7540.”
“Upside may be restored only on a Daily close above 0.7920, until that we are bearish here.”