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AUD/USD Classical Technical Report 04.05

AUD/USD Classical Technical Report 04.05

Joel Kruger, Technical Strategist
daily_classical_audusd_body_aud.png, AUD/USD Classical Technical Report 04.05

AUD/USD: Our bearish outlook in this market is being reaffirmed with the latest pullback and we continue to project deeper setbacks over the coming days and weeks back below parity. A fresh lower top now looks to be carving by 1.0855 and only back above 1.0640 would delay and give reason for concern. From here, look for the latest break below 1.0420 to open the next downside extension towards 1.0100-1.0200 over the coming sessions.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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