28 August 2017, 02:44

Analysts at Brown Brothers Harriman explained that the Australian dollar peaked near $0.8065 in late July before falling to nearly $0.7800 in mid-August.

Key Quotes:

“We suggested last week that the pullback in the dollar bloc had run its course.

The Aussie struggled at the start of the week but recorded near six-day highs before the weekend.

A move above $0.7970 signals not only a test of the earlier high but another leg up toward $0.8150-$0.8250.”

AUD/USD 0001-01-01T00:00:00
0/0 (0%)
H0 L0
S3 S2 S1 R1 R2 R3
0.7823 0.7854 0.7894 0.7965 0.7996 0.8035
Trend Index OB/OS Index
Bullish Neutral

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