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- AUD/USD: Next crucial resistance sits at 0.7484 - Credit Suisse
AUD/USD: Next crucial resistance sits at 0.7484 - Credit Suisse
FXStreet reports that analysts at Credit Suisse apprise that AUD/USD is seeing another attempt to break higher above the 0.7450/53 highs, removal of which on a closing basis would reassert the uptrend.
“A break above 0.7453 would reassert the uptrend, reinforce our bullish bias and open the door for a move to the July 2018 high at 0.7484, where we would expect to see a first attempt to cap.”
“Our medium-term objective is eventually seen at a cluster of long-term Fibonacci retracements at 0.7574/7638, where we would expect to see another concerted pause.”
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