Watch the video for a summary of this week’s news releases, a review of the USD Index, and a complete Top Down Analysis of the AUDUSD.


AUDUSD Monthly:

Monthly support at 0.6991, resistance at 0.7414.

Monthly chart is in a downtrend. Price is currently rallying within the range of last month’s candle.

AUDUSD Weekly:

Weekly support at 0.7170, resistance at 0.7426 and 0.7478.

Weekly chart is in an uptrend showing a higher top and higher bottom. Price will need to take out the 0.7426 and 0.7478 weekly resistance levels to continue the uptrend.


Daily support at 0.7316 and 0.7304, resistance at 0.7444.

Price has rallied back up to the 0.7426 weekly resistance level. Price failing at the 0.7426 weekly resistance level could be the signal that the daily chart uptrend has finished.

Price failing at the 0.7400 level would present an ideal opportunity to sell for the next decline in line with the higher time frame monthly downtrend.

Short term target 0.7170 weekly support, and long term target 0.6991 monthly support.


RISK WARNING: Foreign exchange and derivatives trading carry a high level of risk. Before you decide to trade foreign exchange, we encourage you to consider your investment objectives, your risk tolerance and trading experience. It is possible to lose more than your initial investment, so do not invest money you cannot afford to lose。 ACY Securities Pty Ltd (ABN: 80 150 565 781 AFSL: 403863) provides general advice that does not consider your objectives, financial situation or needs. The content of this website must not be construed as personal advice; please seek advice from an independent financial or tax advisor if you have any questions. The FSG and PDS are available upon request or registration. If there is any advice on this site, it is general advice only. ACY Securities Pty Ltd (“ACY AU”) is authorised and regulated by the Australian Securities and Investments Commission (ASIC AFSL:403863). Registered address: Level 18, 799 Pacific Hwy, Chatswood NSW 2067. AFSL is authorised us to provide our services to Australian Residents or Businesses.

Feed news

Latest Forex Analysis

Latest Forex Analysis

Editors’ Picks

EUR/USD trades below 1.1300 after German inflation data

EUR/USD continues to trade in the negative territory below 1.1300 as the American session gets underway. The data from Germany showed on Friday that the Harmonized Index of Consumer Prices, the ECB's preferred gauge of inflation, climbed to 6% on a yearly basis in November, compared to the market expectation of 5.4%.


GBP/USD extends slump below the 1.3300 mark

GBP/USD trades near its 2021 low in the 1.3290 region, as demand for the greenback picked up pace during US trading hours. Market participants are digesting the latest covid-related news, somehow less concerned about its effects on economic developments. 


Gold: En route to challenge the November monthly low

Spot gold gapped lower at the weekly opening. Concerns related to the new coronavirus variant named Omicron hit hard the markets on Friday, although thinned conditions may have exacerbated the reaction to the news, as the US celebrated Thanksgiving on Thursday.

Gold News

Ethereum breaks out of bullish pennant, targets new all-time high at $5,000

Ethereum price lost 14% of its market value in turmoil on Friday. ETH is on the path to recovery with a bullish break out of the pennant. Expect a rally to emerge as tailwinds attribute to new all-time highs.

Read more

Cyber Monday 2021 Discounts!

Glued to your trading screen on Cyber Monday? Upgrade your skills by signing up for FXStreet’s Premium service, offered at a discount of up to 50%. Fellow traders have already taken advantage of Black Friday profits. What about you? 

Subscribe now!