Slobodan Drvenica
Windsor Brokers
AUD/USD
The Australian dollar advanced to the highest in nearly two weeks on Tuesday, lifted by rising risk sentiment and RBA minutes.
In minutes of its September meeting Australia's central bank stated it will maintain highly accommodative settings and indicated no changes in the policy for now.
Fresh advance probed again above 0.7300, following recent multiple failures to close above this barrier and cracked pivotal Fibo level at 0.7328 (61.8% of 0.7413/0.7191). Bulls need close above 0.7300 (also 50% retracement) for initial bullish signal, which would be confirmed on close above 0.7328 and expose key barrier at 0.7413 (two-year high, posted on 1 Sep).
Caution on repeated failure to clearly break 0.7300 hurdle that would keep the downside vulnerable.
Res: 0.7335; 0.7361; 0.7395; 0.7413
Sup: 0.7300; 0.7275; 0.7264; 0.7244
Interested in AUD/USD technicals? Check out the key levels
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.
Recommended Content
Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Geopolitics once again take centre stage, as UK Retail Sales wither
Nearly a week to the day when Iran sent drones and missiles into Israel, Israel has retaliated and sent a missile into Iran. The initial reports caused a large uptick in the oil price.