AUS/USD Technical Levels
Price action reveals the pair extends the break under the H&S neckline that was broken yesterday. Falling to new lows, 3-month bottoms, the pair manages to bounce from the 0.9056 but remains extremely close to it violating the immediate support. On the downside, 0.9060 (July 15th lows) is broken and the pair is now facing 0.9031 (September 4th lows) ahead of 0.8974 (August 29th highs) while the upside prints resistances at 0.9077 (November 27th lows), 0.9122 (August 20th highs) followed by 0.9186 (September 5th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bearish and navigates below the EMA20.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.