AUD/USD Classical Technical Report 05.01
AUD/USD: Our bearish outlook in this market remains intact and we continue to project deeper setbacks over the coming days and weeks back below parity. A fresh lower top is now sought out by 1.0475 but only back above 1.0640 would ultimately delay and give reason for concern. From here, look for a break back below 1.0225 to confirm bias and accelerate declines.
--- Written by Joel Kruger, Technical Currency Strategist
To contact Joel Kruger, email email@example.com. Follow me on Twitter @JoelKruger
To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to firstname.lastname@example.org
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.