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Further decline ahead for AUD/USD - Kshitij Consultancy

FXStreet (Barcelona) - According to the Kshitij Consultancy Services Teamm AUD/USD can decline to 0.8500-0.8490 levels.

Key Quotes

"Aussie bounced off from its crucial support at 0.8582. A sustained trade below 0.8582 should see Aussie decline picking up steam. Our first target on the decline would be 0.8500-0.8490."

"Pound bounced again from 1.56 levels, in a tweezers formation. This could indicate some bottom formation in progress. The break below 1.56 would open the target of 1.5475. New short-term positions should not be taken at these levels."

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