Home AUD/USD: Tough time for the Aussie – TDS
FXStreet News

AUD/USD: Tough time for the Aussie – TDS

Analysts at TD Securities remain committed sellers of AUD rallies and look to fade any further upward progress back toward a 0.65 handle. 

Key quotes 

“We note that the daily MACD has recently rolled over, pointing to a deteriorating technical backdrop. Today may not be the day to look for it, but we think a push lower through a near-term double bottom a hair above 0.64 could see additional selling pressure emerge.” 

“We’d expect to see a test of 0.6370. The real prize is a bit lower, we think. We think the 0.6260 area could emerge as the key threshold for further downside potential.”

“We think we’d have to see a clear move above recent highs at 0.6570 to revisit our bearish bias.”

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.