The Australian dollar holds in green for the third straight day and extends recovery from 0.6910 low through 10DMA (0.6980) and Fibo 61.8% of 0.7047/0.6910 (0.6995) on Friday.
Weaker US dollar (after rally on stronger than expected US CPI data stalled) helps Aussie dollar’s fresh bulls.
Mixed data from China, released earlier today, also provided  some support.
Fresh bulls cracked psychological 0.70 barrier, but faced strong headwinds that may delay extension towards key targets at 0.7021 (100DMA) and 0.7035 (daily cloud top / weekly cloud base).
Daily MA’s (10/20/30/55) are in bullish setup, momentum and RSI head north and support advance, but momentum continues to weaken and may obstruct bulls.
Broken 10DMA now acts as solid support, guarding daily cloud base (0.6958) which needs to hold and keep bulls in play.

Res: 0.7000; 0.7021; 0.7035; 0.7047
Sup: 0.6980; 0.6958; 0.6940; 0.6910


Interested in AUDUSD technicals? Check out the key levels

    1. R3 0.7028
    2. R2 0.7008
    3. R1 0.6992
  1. PP 0.6972
    1. S1 0.6956
    2. S2 0.6936
    3. S3 0.692


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

Latest Forex Analysis

Editors’ Picks

EUR/USD: traders set to position ahead of Fed

The EUR/USD pair moderated its advance on Friday, compliments to stronger-than-expected US data, finishing the week anyway with gains around 1.1070. Better-than-expected US data released Friday brought relief to USD bulls.


GBP/USD: Brexit optimism keeps bulls in the drivers’ seat

The GBP/USD pair has advanced for a second consecutive week, reaching Friday 1.2505, its highest since last July, and settling not far below this last. Fading odds for a hard-Brexit continue to underpin the Pound.


USD/JPY: further gains depending on risk-related sentiment

The USD/JPY pair settled above the 108.00 level for the first time since late July, closing substantially higher for a third consecutive week.  Demand for the safe-haven yen continued to be undermined.


The good, the bad and the extremely ugly crypto

XRP is in a borderline situation and with little room for doubt. Bitcoin demonstrates its power and positions itself as the emerging leader. Ethereum is in an intermediate situation, far from risk but also from opportunity.

Read more

Gold: Down for third straight week, on the defensive ahead of the Fed

Gold is set to end lower for the third straight week and will likely remain on the defensive in the run-up to Wednesday's Federal Open Market Committee (FOMC) meeting. A dovish surprise will likely put a strong bid under the yellow metal.

Gold News

Forex Majors