AUD/USD poised to test 0.9203/0.9180 - SocGen

FXStreet (Bali) - AUD/USD is poised to drift lower towards 0.9203/0.9180, notes the FX Technical Team at Societe Generale.

Key Quotes

"AUD/USD has retraced after testing the multi month channel at 0.9500/35 and has confirmed a H&S. With weekly indicator rolling over from dual graphical resistance, it is poised to drift lower towards 0.9203/0.9180. 0.9465 remains a key level. For the day, the pair will drift towards 0.9203/0.9180."