• 787 days Will The ECB Continue To Hike Rates?
  • 787 days Forbes: Aramco Remains Largest Company In The Middle East
  • 789 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,189 days Could Crypto Overtake Traditional Investment?
  • 1,194 days Americans Still Quitting Jobs At Record Pace
  • 1,196 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,199 days Is The Dollar Too Strong?
  • 1,199 days Big Tech Disappoints Investors on Earnings Calls
  • 1,200 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,202 days China Is Quietly Trying To Distance Itself From Russia
  • 1,202 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,206 days Crypto Investors Won Big In 2021
  • 1,206 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,207 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,209 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,210 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,213 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,214 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,214 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,216 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

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: Moving Higher

AUD/USD has broken the resistance at 0.9070 (see also the declining trendline), which confirms the recent short-term technical improvement. A move towards the resistance at 0.9233 is likely. Hourly support stands at 0.9087 (intraday low) and 0.9037 (intraday low).

In the longer term, the break of the strong support at 0.9388 (04/10/2011 low) opens the way for a further medium-term decline, whose potential downside risk lies near the key support at 0.8067 (28/05/2010 low). However, we keep in mind that if the key resistance at 0.9345 were to be broken, we would have to reassess our outlook.

We are raising our stop-loss to 0.9058 from 0.9004.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment