• 849 days Will The ECB Continue To Hike Rates?
  • 849 days Forbes: Aramco Remains Largest Company In The Middle East
  • 851 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,251 days Could Crypto Overtake Traditional Investment?
  • 1,256 days Americans Still Quitting Jobs At Record Pace
  • 1,257 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,261 days Is The Dollar Too Strong?
  • 1,261 days Big Tech Disappoints Investors on Earnings Calls
  • 1,262 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,263 days China Is Quietly Trying To Distance Itself From Russia
  • 1,264 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,268 days Crypto Investors Won Big In 2021
  • 1,268 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,269 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,271 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,272 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,275 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,276 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,276 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,278 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…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

AUD/USD - Monitor The Resistance at 0.8372

AUD/USD is bouncing. However, the hourly resistance at 0.8372 (see also the steepest declining trendline) has held thus far. Hourly supports can be found at 0.8265 (10/12/2014 low) and 0.8224. A key resistance lies at 0.8447 (see also the 38.2% retracement).

In the long-term, the break of the strong support at 0.8660 (24/01/2014 low) confirms the underlying long-term bearish trend and opens the way for further weakness. A strong support area stands between 0.8067 (25/05/2010 low) and 0.7947 (61.8% retracement of the 2009-2011 rise). A key resistance can be found at 0.8615 (27/11/2014 high).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment