AUD/USD

The pair resumes multi-day uptrend on Thursday, following Tue/Wed consolidation, shaped in double Doji and probes again above cracked 55DMA (0.6868) and 0.6879 barrier (50% of 0.7082/0.6677 / daily cloud top).
Risk-sensitive Aussie benefits from optimistic tone in US/China trade conflict as President Trump granted some trade concessions to China.
Fresh advance is also supported by rising bullish momentum, with fresh bullish signal expected on close above 0.6879 pivot ( the pair traded above daily cloud in mid-July) that would expose target at 0.6927 (Fibo 61.8%).
solid supports lay at 0.6850 (Tue/Wed consolidation lows) and 0.6831 (Broken Fibo 38.2%).

Res: 0.6879; 0.6887; 0.6904; 0.6927
Sup: 0.6868; 0.6850; 0.6831; 0.6811

AUDUSD

 

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

    1. R3 0.692
    2. R2 0.6902
    3. R1 0.6883
  1. PP 0.6865
    1. S1 0.6846
    2. S2 0.6828
    3. S3 0.6809

 

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 extends its decline amid upbeat US consumer confidence

EUR/USD is extending its falls toward 1.1050 after US Consumer Sentiment beat expectations with 92 points. Earlier, retail sales met expectations. 

EUR/USD News

GBP/USD rises above 1.24 as Brexit uncertainty prevails

GBP/USD hits a 6-week high above 1.24. The DUP dismissed reports that it would accept special treatment for the province as a solution to the backstop. The EU is ready to grant a Brexit extension as Johnson faces growing criticism.

GBP/USD News

USD/JPY: holding in higher ground ahead of US Retail Sales

Risk appetite dominates the financial world, weighing on safe-haven assets. US Retail Sales and the preliminary Michigan Consumer Sentiment Index up next. USD/JPY bullish case prevails, 107.45 critical Fibonacci support.

USD/JPY News

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 remains on track to end week below $1,500

The troy ounce of the precious metal rose above $1,500 but failed to preserve its strength as the upbeat market sentiment made it difficult for the safe-haven gold to find demand. 

Gold News

Forex Majors

Cryptocurrencies

Signatures