Australian dollar shows first sign of life in weeks

Discussion in 'Technical Analysis' started by ForexLive, Sep 8, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Australian dollar technical analysis A three candle reversal in AUD/USD that will be completed today with the close above 0.6908 (spot at 0.7028). The Aussie has been under near-constant selling pressure since trading at 0.8150 in mid-May. In the bigger picture, worries about China are dominating but we may have reached a point of near-term exhaustion.

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