15 Nov 2015
AUDUSD support 0.7075 BBH
FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained that the Australian dollar nearly matched sterling's strength.
Key Quotes:
"It held the $0.7000 area at the beginning of the week, and strong, even if overstated, jobs data helped lift the Aussie to almost $0.7160. The upside was held in check by the down sloping trend line of the October 12 high. It is a four-point trend line. It was near $0.7165 before the weekend and near $0.7115 at the end of next week. If the trend line is violated, the next target is near $0.7200-$0.7220. Initial support is seen in the $0.7075 area."
Key Quotes:
"It held the $0.7000 area at the beginning of the week, and strong, even if overstated, jobs data helped lift the Aussie to almost $0.7160. The upside was held in check by the down sloping trend line of the October 12 high. It is a four-point trend line. It was near $0.7165 before the weekend and near $0.7115 at the end of next week. If the trend line is violated, the next target is near $0.7200-$0.7220. Initial support is seen in the $0.7075 area."