- AUD/USD is in a bear trend as it is trading below its 100 and 200-period simple moving average on the 4-hour chart.
- AUD/USD found a bottom at 0.7041 as the bulls created a lower low with the September low. The RSI and the Stochastic indicators are trading above the 50 line and the MACD is bullish. A short-term bullish bias is maintained while the current October low at 0.7041 underpins on a daily chart closing basis.
- Upside targets can be located near 0.7144 (September 5 low) and 0.7200 figure.
Spot rate: 0.7115
Relative change: -0.1 %
Main trend: Bearish
Short-term trend: Bullish above 0.7041
Resistance 1: 0.7144 September 5 low
Resistance 2: 0.7200 figure August 15 low
Resistance 3: 0.7300 figure
Support 1: 0.7100 figure
Support 2: 0.7085, September 11 low
Support 3: 0.7041 October low
Support 4: 0.7000 figure
Support 5: 0.6830 January 15, 2016 low
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.