AUD/USD Update – 30/08/2017 (11:00am) – by Arjun Lakhanpal

AUD/USD Update – 30/08/2017 (11:00am): AUD/USD near term remains bid above the 3 month uptrend at 0.7877. Our focus is on the .7980/91 July 20 and August 4 highs and this guards the .8065 recent high. Below the .7877/08 current August low and support line lies good support at .7748/41. It is where the February and March highs are located and while above here the market will remain bid. Above the .8065 level the .8162/66 May 2015 peak and 50% retracement can be seen. Above there lies the .8295 January 2015 high.