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

AUD/USD - Short Term Topping Formation in Place

AUD/USD continues to exhibit short-term structure that suggests a degree of exhaustion, warning of a relapse lower. We now require some downside follow through to test the 1.0245 region, under which will confirm a false break higher.

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.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment