FXStreet reports that Credit Suisse analyst team discusses AUD/USD prospects.
“We keep our view for further sideways trading intact for now, with a mild downside tilt, based on the potential for a ‘head and shoulders’ top. With this in mind, we see support initially at 0.7724, ahead of the recent low at 0.7699, removal of which would expose 0.7622/21 next.”
“Beyond 0.7622/21 would increase the risk of a more important ‘head and shoulders’ top again, which would be triggered beneath the cluster of supports at 0.7583/57 – the early February lows.”
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