• 871 days Will The ECB Continue To Hike Rates?
  • 871 days Forbes: Aramco Remains Largest Company In The Middle East
  • 873 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,273 days Could Crypto Overtake Traditional Investment?
  • 1,278 days Americans Still Quitting Jobs At Record Pace
  • 1,279 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,283 days Is The Dollar Too Strong?
  • 1,283 days Big Tech Disappoints Investors on Earnings Calls
  • 1,284 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,285 days China Is Quietly Trying To Distance Itself From Russia
  • 1,286 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,290 days Crypto Investors Won Big In 2021
  • 1,290 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,291 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,293 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,293 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,297 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,298 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,298 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,300 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

AUD/USD: Bullish Engulfing Pattern Favors Further Short-Term Strength

AUD/USD rose sharply yesterday, erasing most of its recent decline. A test of the previous high at 1.0412 is expected. Another resistance can be found at 1.0475 (28/09/2012 high). An hourly support is at 1.0325 (intraday low).

AUD/USD is moving within a medium-term horizontal range defined by the support at 1.0177 (25/07/2012 low) and the resistance at 1.0613 (09/08/2012 high).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment