AUD/USD: Bear Risk Lower
Steve Miley | Sep 02, 2014 11:21AM ET
- We stated in our last report that “push back towards minor support at .9328 leaves risk through here into early September and lower for .9300 and .9272”.
- The push through the higher supports leaves risk to .9272 into midweek, having again failed back from .9375 resistance.
- For this week, the threat is to the August lows at .9240/38 and the risk below .9240/38 is to the key .9208/00 area, through which would signal a still more bearish shift.
WHAT CHANGES THIS?
- Above .9346 eases bear risks; through .9375 signals a neutral tone, only shifting positive above .9472.
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