Forex Flash: AUD/USD bearish and looking to range - Nomura
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AUD/USD
FXstreet.com (Barcelona) - Nomura Analyst Saeed Amen delivers his short term views on AUDUSD from a purely technical perspective.
AUDUSD is technically bearish and trending. With spot following the lower Bollinger band lower the rise in bandwidth indicates that we are in the midst of a downward breakout. Amen continues to explain that with RSI (14) declining, it suggests that momentum remains on the down side and has a target of 1.02.
AUDUSD is technically bearish and trending. With spot following the lower Bollinger band lower the rise in bandwidth indicates that we are in the midst of a downward breakout. Amen continues to explain that with RSI (14) declining, it suggests that momentum remains on the down side and has a target of 1.02.
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