AUDUSD

The Australian dollar hit new 6 1/2 month low against the US dollar on Tuesday, extending fall from 0.7022 high into seventh straight day. Weak Australian housing data, released overnight and more important comments from RBA, which reiterated its dovish stance and signaled further easing in interest rates, increased pressure on Aussie dollar from US/China trade conflict and fresh tensions between the US and Iran. Bearish studies support scenario, however, bears may reduce the pace on strongly oversold conditions. Immediate supports at 0.6827/26 (Fibo 123.6% projection / Jan 2016 lows) are under pressure and bears may extend towards projections at 0.6804 (Fibo 138.2%) and 0.6767 (Fibo 161.8%). Former base at 0.6864 now acts as solid resistance, ahead of falling 5SMA (0.6881).

Res: 0.6864; 0.6881; 0.6900; 0.6927
Sup: 0.6826; 0.6804; 0.6767; 0.6744

AUDUSD

 

Interested in AUDUSD technicals? Check out the key levels

    1. R3 0.6912
    2. R2 0.6899
    3. R1 0.6875
  1. PP 0.6862
    1. S1 0.6838
    2. S2 0.6825
    3. S3 0.6801

 

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 remains depressed but off daily lows

The EUR/USD pair is recovering from a daily low of 1.1216, although holding in negative territory for the day. US preliminary Michigan Consumer Sentiment Index improved by less-than-anticipated in July, coming in at 98.4 vs. the 98.5 expected.

EUR/USD News

GBP/USD trading marginally lower daily basis but above 1.2500

The Pound gave back some of its Thursday’s gain on dollar’s relief. The GBP/USD pair broke a daily descendant trend line coming from June’s high and holds above it, leaving little room for sellers to act.

GBP/USD News

USD/JPY: bears pausing, still in control

Japanese National Inflation steady at 0.7%YoY in June. US Michigan Consumer Sentiment Index expected at 98.5 in July. USD/JPY corrective advance falling short of signaling an interim bottom in place.

USD/JPY News

Something has spooked the Fed

We wish we knew what it is. Wild talk of the US joining Japan and Europe with zero or negative return on the 10-year is or should be very frightening.

Read more

Gold consolidates around $ 1440, eyes US data for fresh direction

Gold (futures on Comex) extends its side-trend around the 1440 mark into the mid-European session, having stalled its retreat from 2019 highs of 1454 near 1437 region.

Gold News

Majors

Cryptocurrencies

Signatures