AUDUSD remains soft. The pair has this week breached the base of its bull channel drawn from the Aug 20 low. The break reinforces bearish conditions and signals scope for a deeper short-term pullback. Moving average signals have also shifted to bear mode, highlighting the current direction. The move lower has opened 0.7170, Sep 29 low where a break would expose 0.7106 further out, Aug 20 low. Resistance to watch is at 0.7371, Nov 15 high.

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

Taso Anastasiou

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

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Remains Below The Bull Channel Base