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Published on 15 Feb 2017
AUD/USD
bottomed out on Dec 23 at 0.7160 and since then has rallied more 500
pips to 0.77 handle. Will the Aussie dollar breach the key resistance at
0.77 and test 2016 high of 0.7835?
Alejandro Zambrano, Chief
Market Analyst at Londinium FX, says the pair could top out in the next
24 hours if the currency pair dips below 0.76 on weak Aussie employment
data.
Zambrano details his quant models which suggest the AUD is overbought against USD and EUR.
A must watch segment for those who believe the RBA is moving towards a rate hike.
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