Back
13 Mar 2015
AUD/USD below 0.7740 targets 0.7625 – CharmerCharts
FXStreet (Barcelona) - Carol Harmer of CharmerCharts shares the technical outlook and the key levels for AUD/USD, noting that 0.7740 level is key for direction.
Key Quotes
“Aussie looking quite strong now in the short term and even the med term charts are beginining to change to bullish... now bullish is probably not a work I could use for currencies at the moment...we are more looking at a correction of the weeks declines”
“Now we know that 7740 offered good support on the way down...therefore thus it is going to be quite a hard level to break on the topside”
“However if buyers are dedicated enough and follow the charts there is no reason why we cannot make break above here which would keep the immediate boas to the topside and see 7780 initially. If broken we can go higher and target 7835.”
“As stated 7740 is your key...if we cannot manage to break this barrier we can come lower once more to 7625..Cover shorts here...re-instate longs, keeping stops below 7610.”
Key Quotes
“Aussie looking quite strong now in the short term and even the med term charts are beginining to change to bullish... now bullish is probably not a work I could use for currencies at the moment...we are more looking at a correction of the weeks declines”
“Now we know that 7740 offered good support on the way down...therefore thus it is going to be quite a hard level to break on the topside”
“However if buyers are dedicated enough and follow the charts there is no reason why we cannot make break above here which would keep the immediate boas to the topside and see 7780 initially. If broken we can go higher and target 7835.”
“As stated 7740 is your key...if we cannot manage to break this barrier we can come lower once more to 7625..Cover shorts here...re-instate longs, keeping stops below 7610.”