AUD/USD Update – 31/07/2017 (12:25pm) – by Arjun Lakhanpal

July 31, 2017 by

AUD/USD Update – 31/07/2017 (12:25pm): AUD has eroded the .8004 200 week ma but has not sustained the initial break higher. We have decent resistance at .8097/.8100 and divergence of the daily RSI and it is possible that this will hold the initial test. However dips lower should remain well supported by .7874/.7836 the April 2016 high. While above the uptrend at .7701 we will assume it is capable of further gains longer term.