AUD/USD

The Australian dollar dipped below 200DMA support (0.6890) on Wednesday, after details of US/China trade deal which is going to be signed later today were digested.
Concerns that the deal could hurt Australian economy, increased pressure on Aussie and generated initial signal of reversal after recovery was strongly rejected on Monday and Tuesday's action ended in Doji candle.
Rising bearish momentum and south-heading RSI on daily chart add to negative signals which need confirmation on close below 200DMA that would open way towards cracked key supports at 0.6860/50 (Fibo 61.8% of 0.6754/0.7032/8-10 Jan higher base).
Downside risk would ease if fresh bears fail to close below 200DMA, but near-term action would remain in extended sideways mode as long as pivotal barrier at 0.6919 (Fibo 38.2% of 0.7032/0.6849 fall).

Res: 0.6904; 0.6919; 0.6940; 0.6962
Sup: 0.6877; 0.6865; 0.6849; 0.6825

AUDUSD

 

Interested in AUD/USD technicals? Check out the key levels

    1. R3 0.694
    2. R2 0.6925
    3. R1 0.6914
  1. PP 0.6899
    1. S1 0.6889
    2. S2 0.6874
    3. S3 0.6864

The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD bounces off the lows as the market mood improves

EUR/USD is bouncing toward 1.18, recovering from the fall triggered by upbeat US jobs figures and escalating Sino-American tensions. Investors are eyeing the fiscal stimulus impasse in Washington after Trump's executive order and the market mood has somewhat improved.

EUR/USD News

GBP/USD recovering toward 1.31 as the dollar weakens

GBP/USD has recovered toward 1.31 as the dollar pares early gains amid the impasse in Washington over new fiscal stimulus. A survey showing that a third of UK employers may lay off workers is weighing on the pound.

GBP/USD News

XAU/USD retreats to $2030 after making a run to $2050

Gold prices spiked to the upside after the beginning of the American session but then pulled back erasing gains. XAU/USD jumped to $2049.70/oz, and as of writing, it trades at $2033, practically at the same level it closed on Friday.

Gold News

It is time for King Bitcoin

The crypto board starts the week stuck on critical levels. The war for dominance has been favorable to Ethereum for weeks, and the graphics seem to indicate that it's now Bitcoin's turn to win a few battles.

Read more

WTI: $42.30 is the level to beat for the bulls

WTI (futures on Nymex) climbed nearly 1.50% in a bid to test the $42 mark on Monday, in the wake of the upbeat outlook painted by Saudi Aramco’s CEO Nasser and expectations that Iraq will cut output in August.

Oil News

Forex Majors

Cryptocurrencies

Signatures