- AUD/USD finally broke to the downside from the 7-weeks trading range. AUD/USD is now extending the bear trend below the 0.7300 figure.
- AUD/USD bears next targets are likely located near 0.7246 December 30, 2016 high and the 0.7200 figure.
- Resistances become 0.7310 July 2 low and 0.7345 demand level.
AUD/USD 15-minute chart
AUD/USD daily chart
Spot rate: 0.7296
Relative change: -1.03%
High: 0.7383
Low: 0.7279
Trend: Bearish
Resistance 1: 0.7310 July 2 low
Resistance 2: 0.7345 demand level
Resistance 3: 0.7364 June 28 high
Resistance 4: 0.7380 June 26 low
Resistance 5: 0.7400 figure
Resistance 6: 0.7413 current August 3 high
Resistance 7: 0.7442 July 31 high
Resistance 8: 0.7463 July 26 high
Resistance 9: 0.7500 figure
Resistance 10: 0.7600 figure
Resistance 11: 0.7674 swing high
Support 1: 0.7246 December 30, 2016 high
Support 2: 0.7200 figure
Support 3: 0.7159 December 26, 2016 low
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended content
Editors’ Picks
EUR/USD stays below 1.0700 after US data
EUR/USD stays in a consolidation phase below 1.0700 in the early American session on Wednesday. The data from the US showed a strong increase in Durable Goods Orders, supporting the USD and making it difficult for the pair to gain traction.
USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom
USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap.
Gold trades on the back foot, manages to hold above $2,300
Gold struggles to stage a rebound midweek following Monday's sharp decline but manages to hold above $2,300. The benchmark 10-year US Treasury bond yield stays in the green above 4.6% after US data, not allowing the pair to reverse its direction.
Worldcoin looks set for comeback despite Nvidia’s 22% crash Premium
Worldcoin price is in a better position than last week's and shows signs of a potential comeback. This development occurs amid the sharp decline in the valuation of the popular GPU manufacturer Nvidia.
Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium
While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration.