![(17 APRIL 2017)AUD / USD:Fading near the resistance at 0.7610. (17 APRIL 2017)AUD / USD:Fading near the resistance at 0.7610.](https://c.mql5.com/6/772/splash-693519.jpg)
(17 APRIL 2017)AUD / USD:Fading near the resistance at 0.7610.
18 April 2017, 13:50
![Jiming Huang Jiming Huang](https://c.mql5.com/avatar/2015/11/563C54E3-36DF.jpg)
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Fading near the resistance at 0.7610.
• AUD/USD has failed to break short term
resistance at 0.7610, reversing bullish
momentum. Key resistance stands at 0.7681
(30/03/2017 high). Hourly support is located at
0.7449 (13/01/2017 low).
• In the long-term, we are waiting for further
signs that the current downtrend is ending. Key
supports stand at 0.6009 (31/10/2008 low) . A
break of the key resistance at 0.8295 (15/01/2015
high) is needed to invalidate our long-term
bearish view.
(By Peter Rosenstreich )