• 203 days Could Crypto Overtake Traditional Investment?
  • 208 days Americans Still Quitting Jobs At Record Pace
  • 210 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 213 days Is The Dollar Too Strong?
  • 213 days Big Tech Disappoints Investors on Earnings Calls
  • 214 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 216 days China Is Quietly Trying To Distance Itself From Russia
  • 216 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 220 days Crypto Investors Won Big In 2021
  • 220 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 221 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 223 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 224 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 227 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 228 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 228 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 230 days Are NFTs About To Take Over Gaming?
  • 231 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 234 days What’s Causing Inflation In The United States?
  • 235 days Intel Joins Russian Exodus as Chip Shortage Digs In
  1. Home
  2. Markets
  3. Other

AUD/USD: Pushing Higher

AUD/USD has broken the resistance implied by its declining trendline. A further rise towards the resistance at 0.9086 is favoured as long as the hourly support at 0.8874 (05/02/2014 low) holds. An initial support stands at 0.8907 (10/02/2014 low).

The long-term technical pattern is negative and favours a further decline towards the key support at 0.8067 (25/05/2010 low), as long as prices remain below the resistance at 0.9168 (02/12/2013 high, see also the 200 day moving average). However, the general oversold conditions and the recent pick-up in buying interest pave the way for a rebound.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment