Richard Grace Technical Quotations

From a technical perspective the Australian dollar has failed to break 75.80 cents, which would have otherwise signaled the end of its downward trend. The Australian dollar's downward trend is still in place.

The safer bet is to assume the Australian dollar will decline and begin to trend lower. Because 75.80 cents has held so well for the last few months, people are paying attention to this key technical level.

The Australian dollar's downward trend is still in place. From a technical perspective, the Australian dollar has failed to break 75.80 cents, which would have otherwise signaled the end of its downward trend.