AUD/USD

The Australian dollar regained traction and rose near 0.6900 in Asia/Europe on Monday, fueled by comments from RBA Governor Lowe who said that rising currency (Aussie advanced over 20% vs US dollar in the period mid-March/Mid-June) is not a problem yet and pointed to the economic recovery as the impact of pandemic lockdown, seems to be smaller than feared.
Daily studies are in mixed mode as momentum is breaking into negative territory and 5/10/20DMA's are conflicting.
Recovery faces strong obstacles at 0.6892 (10DMA) and 0.6908 (100WMA), clear break of which would spark further recovery.
The downside is expected to remain vulnerable while 10DMA caps, while stronger bearish signal could be expected on eventual close below 20DMA (0.6851) which tracks the advance since early Apr.

Res: 0.6892; 0.6908; 0.6920; 0.6976
Sup: 0.6851; 0.6807; 0.6776; 0.6737

AUDUSD

 

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

    1. R3 0.6971
    2. R2 0.6941
    3. R1 0.6888
  1. PP 0.6859
    1. S1 0.6806
    2. S2 0.6776
    3. S3 0.6723

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 after upbeat COVID-19 cure news

EUR/USD is trading above 1.13, rebounding from the lows. Gilead reported that its drug Remdesevir substantially reduces mortality among COVID-19 patients. The news boosted stocks and weighed on the dollar. US coronavirus statistics are due out.

EUR/USD News

GBP/USD recaptures 1.26 as the market mood improves

GBP/USD is trading above 1.26 as the market mood improves and the safe-haven dollar retreats. Investors are shrugging off Brexit concerns and focusing on hopes to cure coronavirus. US COVID-19 statistics are due out.

GBP/USD News

XAU/USD consolidates daily gains above $1,800

After advancing to its highest level since September of 2011 at $1,818 on Wednesday, the XAU/USD pair staged a correction and briefly dropped below $1,800 on Thursday.

Gold News

Cryptocurrencies: War for dominance hit the bedrock of the market

Bitcoin tried to regain market share and activated sales in the Altcoin segment. BTC/USD, ETH/USD and XRP/USD are looking for supports and a rebound to push them to new elative highs. The current compression on the XRP/USD chart could trigger an exploding movement.

Read more

WTI drops to fresh weekly lows below $39 amid virus risks, IEA forecast

WTI (August futures on Nymex) extends the steep declines seen on Thursday to drops over 1.50% in the European session this Friday. The oil bears breach the 39 level to hit the lowest levels in eight days at 38.76.

Oil News

Forex Majors

Cryptocurrencies

Signatures