• 739 days Will The ECB Continue To Hike Rates?
  • 740 days Forbes: Aramco Remains Largest Company In The Middle East
  • 741 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,141 days Could Crypto Overtake Traditional Investment?
  • 1,146 days Americans Still Quitting Jobs At Record Pace
  • 1,148 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,151 days Is The Dollar Too Strong?
  • 1,151 days Big Tech Disappoints Investors on Earnings Calls
  • 1,152 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,154 days China Is Quietly Trying To Distance Itself From Russia
  • 1,154 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,158 days Crypto Investors Won Big In 2021
  • 1,158 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,159 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,161 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,162 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,165 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,166 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,166 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,168 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

  1. Home
  2. Markets
  3. Other

AUD/USD - Consolidating

AUD/USD is now consolidating above the hourly support at 0.7618 (28/05/2015 low). The pair remains well below the 200-dma which confirms selling pressures. Hourly resistance can be found at 0.7761 (28/05/2015 high).

In the long-term, there is no sign to suggest the end of the current downtrend. Key supports stand at 0.7451 (18/05/2009 low) and 0.7000 (psychological threshold). A break of the key resistance at 0.8295 (15/01/2015 high) is needed to invalidate our long-term bearish view.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment