Bearish target of 0.7520 on AUD/USD from Credit Suisse.

Home / AUD USD / Bearish target of 0.7520 on AUD/USD from Credit Suisse. FORECAST

Credit Suisse maintained its bearish view on AUD/USD pair, stating its 0.7520 target on it. “Support shows at .7594, followed by .7548. Beneath the latter is needed to aim at trend line, 55-day average and price support at .7530/.7500. We would expect fresh buying to show here but below it can see weakness extend for .7477, ahead of .7415/10. Immediate resistance moves to .7691 which needs to cap to maintain the immediate downside bias. Above can ease the downside risk for a move back towards .7767/75.

Recommended Posts