• 2 days Is $90 Oil Possible? An Interview With Jay Park
  • 2 days Billions Of Dollars Are Flooding Into The Flying Taxi Space
  • 3 days Is This The Most Important Energy Project Of 2020?
  • 3 days Startups Are Dying To Give You A Better Death
  • 4 days U.S. Restaurants Are Struggling With Rising Labor Costs
  • 4 days The Banking Bonanza Is Just Getting Started
  • 5 days How The Trade War Ceasefire Will Impact The Energy Industry
  • 5 days Who Is The Most Dangerous Person On The Internet?
  • 6 days SoftBank Sees First Quarterly Loss In 14 Years
  • 8 days Prepare For An Oil Glut In 2020
  • 8 days Why A Strong Yuan Is A Promising Sign For The Trade War
  • 9 days What Would You Sacrifice For A Debt-Free Life?
  • 10 days Shareholders Urge Major Bank To Stop Funding Fossil Fuel Companies
  • 10 days Tariffs Are Causing A Slowdown In U.S. Manufacturing
  • 10 days The Great Silicon Valley Migration Has Begun
  • 11 days 3 Oil Stocks Paying Out Promising Dividends In 2020
  • 11 days How Fractional Trading Is Democratizing the Stock Markets
  • 11 days Why Smart Money Is Looking To Short Aramco
  • 12 days Gold Major Looks To Hike Dividends By 79%
  • 12 days Three Reasons Precious Metals Are On The Rise
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

AUD/USD - Remains Weak Thus Far

AUD/USD is moving closer to its recent low and support at 0.6893. As long as prices remain below the medium-term downtrend channel at 0.7090, the technical structure favours further weakness.Hourly resistance can be found at 0.7280 (18/09/2015 high). Hourly support lies at 0.6893 (04/09/2015 low).

In the long-term, there is no sign to suggest the end of the current downtrend. Key supports stand at 0.6009 (31/10/2008 low) . A break of the key resistance at 0.8295 (15/01/2015 high) is needed to invalidate our long-term bearish view. In addition, we still note that the pair remains well below the 200-dma which confirms selling pressures.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment