Forex - Chart AUD/USD Update: Still weak, lower see .8821, .8800


Published at 01:30 (GMT) 23 Sep

  
Chart AUD/USD Update: Still weak, lower see .8821, .8800 (NCXC7501)

23 Sep AUD/USD Daily
Break to fresh low saw mkt steadying at .8853 which standsjust above the .8848 support. Lower see more support at .8821 then the .8800 level. Below the latter will shift focus to the .8660, Jan low. Upside see resistance now at .8921 and .8950 then the .8984/.9000 area. [P.L]

R5:: .9055 intraday level R4: .9000 * figure
R3: .8984 * 15 Sep low
R2: .8950 22 Sep high
R1: .8921 19 Sep low

S1: .8848 * 5 Aug 13 low
S2: .8821 * 18 Dec 13 low
S3: .8800 figure
S4: .8757 20 Jan low
S5: .8694 * 31 Jan low

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD holds hot Australian CPI-led gains above 0.6500

AUD/USD holds hot Australian CPI-led gains above 0.6500

AUD/USD consolidates hot Australian CPI data-led strong gains above 0.6500 in early Europe on Wednesday. The Australian CPI rose 1% in QoQ in Q1 against the 0.8% forecast, providing extra legs to the Australian Dollar upside. 

AUD/USD News

USD/JPY sticks to 34-year high near 154.90 as intervention risks loom

USD/JPY sticks to 34-year high near 154.90 as intervention risks loom

USD/JPY is sitting at a multi-decade high of 154.88 reached on Tuesday. Traders refrain from placing fresh bets on the pair as Japan's FX intervention risks loom. Broad US Dollar weakness also caps the upside in the major. US Durable Goods data are next on tap. 

USD/JPY News

Gold price struggles to lure buyers amid positive risk tone, reduced Fed rate cut bets

Gold price struggles to lure buyers amid positive risk tone, reduced Fed rate cut bets

Gold price lacks follow-through buying and is influenced by a combination of diverging forces. Easing geopolitical tensions continue to undermine demand for the safe-haven precious metal. Tuesday’s dismal US PMIs weigh on the USD and lend support ahead of the key US macro data.

Gold News

Crypto community reacts as BRICS considers launching stablecoin for international trade settlement

Crypto community reacts as BRICS considers launching stablecoin for international trade settlement

BRICS is intensifying efforts to reduce its reliance on the US dollar after plans for its stablecoin effort surfaced online on Tuesday. Most people expect the stablecoin to be backed by gold, considering BRICS nations have been accumulating large holdings of the commodity.

Read more

US versus the Eurozone: Inflation divergence causes monetary desynchronization

US versus the Eurozone: Inflation divergence causes monetary desynchronization

Historically there is a very close correlation between changes in US Treasury yields and German Bund yields. This is relevant at the current juncture, considering that the recent hawkish twist in the tone of the Fed might continue to push US long-term interest rates higher and put upward pressure on bond yields in the Eurozone.

Read more

Majors

Cryptocurrencies

Signatures