AUD/USD Price Analysis: Aussie trades in weekly highs, approaching 0.6100 figure


  • AUD/USD is rebounding from multi-year lows. 
  • The level to beat for bulls is the 0.6100 figure.
 
 

AUD/USD daily chart

 
AUD/USD is gaining ground while rebounding from multi-year lows. As DXY is losing steam, equity markets and gold are rebounding, AUD/USD is retracing parts of its steep decline.
 
 
 

AUD/USD four-hour chart

 
 
AUD/USD is rebounding while trading above the 0.6000 handle and the 50 SMA on the four-hour chart. As bulls are gathering steam a break beyond the 0.61000 figure would likely attract further speculative interest for a potential extension to the 0.6200 and 0.6300 figures. Support can be expected near 0.6000, 0.5900 and 0.5800 figures. 
 

Additional key levels

AUD/USD

Overview
Today last price 0.6044
Today Daily Change 0.0085
Today Daily Change % 1.43
Today daily open 0.5959
 
Trends
Daily SMA20 0.6265
Daily SMA50 0.6544
Daily SMA100 0.6707
Daily SMA200 0.6779
 
Levels
Previous Daily High 0.6073
Previous Daily Low 0.593
Previous Weekly High 0.6307
Previous Weekly Low 0.5509
Previous Monthly High 0.6775
Previous Monthly Low 0.6434
Daily Fibonacci 38.2% 0.6019
Daily Fibonacci 61.8% 0.5985
Daily Pivot Point S1 0.5902
Daily Pivot Point S2 0.5845
Daily Pivot Point S3 0.5759
Daily Pivot Point R1 0.6044
Daily Pivot Point R2 0.613
Daily Pivot Point R3 0.6187

 

 

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 assets. 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 Open Markets 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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Forex News


Latest Forex News

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 once again breaks $40 per barrel after trading lower in early EU trade

There has been quite the bounce in WTI since the EU session after some strong selling pressure during Thursday and overnight. Once again on Friday's session, the price has taken the USD 40 per barrel handle. 

Oil News

Forex MAJORS

Cryptocurrencies

Signatures