• 1,188 days Will The ECB Continue To Hike Rates?
  • 1,188 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,190 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,590 days Could Crypto Overtake Traditional Investment?
  • 1,594 days Americans Still Quitting Jobs At Record Pace
  • 1,596 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,599 days Is The Dollar Too Strong?
  • 1,600 days Big Tech Disappoints Investors on Earnings Calls
  • 1,601 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,602 days China Is Quietly Trying To Distance Itself From Russia
  • 1,603 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,607 days Crypto Investors Won Big In 2021
  • 1,607 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,608 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,610 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,610 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,614 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,614 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,615 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,617 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

AUD/USD - Signs of Exhaustion Suggest Scope For a Lower High to Form

AUD/USD continues to edge higher after stopping the remainder of our short position last Friday at the point of entry.

We remain longer-term bearish and continue to view the current region as a reasonable entry zone.

In particular, focusing on the medium-term picture, we see the current region as being crucial to maintaining the negative structure from the 1.0857 high.

The congestion that we see in the hourly timeframe is also consistent with exhaustion, thus we look to re-sell.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment