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13 Apr 2015
AUD/USD bearish target at 0.7510 - Vladimir Mihaylov
FXStreet (Barcelona) - Independent Analyst, Vladimir Mihaylov, believes that the outlook for AUD/USD remains bearish whilst below 0.7640, with the downside targets being 0.7570 and then 0.7510.
Key Quotes
“AUD opened the week with a downside move. The price has broken the 0.7630 support and now is below the 0.7600 level with first target 0.7570 and second one at 0.7510.”
“Moves back to 0.7615 may occur but i think they will be used to open some fresh SHORT positions.”
“Level 0.7640 is the reversal point, below this level we are bearish and above it we may expect some more recovery to the upside.”
Key Quotes
“AUD opened the week with a downside move. The price has broken the 0.7630 support and now is below the 0.7600 level with first target 0.7570 and second one at 0.7510.”
“Moves back to 0.7615 may occur but i think they will be used to open some fresh SHORT positions.”
“Level 0.7640 is the reversal point, below this level we are bearish and above it we may expect some more recovery to the upside.”