Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

AUDUSD: Sells Off, Remains Vulnerable

Summary

AUDUSD: Sells Off, Remains Vulnerable AUDUSD. The pair looks to weaken further after selling off during Thursday trading session. On the downside, support resides at the 0.7950 level where a.

AUDUSD. The pair looks to weaken further after selling off during Thursday trading session. On the downside, support resides at the 0.7950 level where a breach will aim at the 0.7900 level. Below that level will set the stage for a run at the 0.7850 level with a cut through here targeting further downside pressure towards the 0.7800 level. On the upside, resistance lies at the 0.8050 level. A cut through here will turn attention to the 0.8100 level and then the 0.8150 level where a violation will set the stage for a retarget of the 0.8200 level. On the whole, AUDUSD faces further bear threats.

audusd