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Daily technical outlook for AUD/USD: Societe Generale

Tuesday, February 24, 2015 10:37 AM UTC

Quotes from Societe Generale Cross Asset Research:

-AUD/USD accelerated the down move after breaking below monthly descending channel.

-Monthly RSI is breaking support. Short term though the pair is testing a dual support and a rebound is expected.

-However that should be limited in nature towards 0.80/0.8050. Only a break below 0.7590 will mean an extended downtrend.

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Daily technical outlook for AUD/USD: Societe Generale

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