• 1,158 days Will The ECB Continue To Hike Rates?
  • 1,158 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,160 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,560 days Could Crypto Overtake Traditional Investment?
  • 1,565 days Americans Still Quitting Jobs At Record Pace
  • 1,567 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,570 days Is The Dollar Too Strong?
  • 1,570 days Big Tech Disappoints Investors on Earnings Calls
  • 1,571 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,573 days China Is Quietly Trying To Distance Itself From Russia
  • 1,573 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,577 days Crypto Investors Won Big In 2021
  • 1,577 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,578 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,580 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,581 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,584 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,585 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,585 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,587 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

AUD/USD: Initial Support Seen Close to 1.0444 High

Stop adjusted to 1.0540.

AUD/USD has found initial support close to the prior key high at 1.0444. If a break over 1.0529 (17/08/2012 high) can be achieved then this will weaken the bearish structure in favour of a return to the prior high at 1.0613. We are thus moving our stop to 1.0540.

However, should a lower high form, we would then expect a retest of the 1.0350 region, close to daily channel support.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment