• 719 days Will The ECB Continue To Hike Rates?
  • 720 days Forbes: Aramco Remains Largest Company In The Middle East
  • 721 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,121 days Could Crypto Overtake Traditional Investment?
  • 1,126 days Americans Still Quitting Jobs At Record Pace
  • 1,128 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,131 days Is The Dollar Too Strong?
  • 1,131 days Big Tech Disappoints Investors on Earnings Calls
  • 1,132 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,134 days China Is Quietly Trying To Distance Itself From Russia
  • 1,134 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,138 days Crypto Investors Won Big In 2021
  • 1,138 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,139 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,141 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,142 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,145 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,146 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,146 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,148 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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…

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 - Pushing Lower

AUD/USD keeps on weakening after the last week's spike. Hourly support lies at 0.7170 (30/11/2015 low) and hourly resistance is located at 0.7382 (12/10/2015 high). Support implied by the lower bound of the uptrend channel has been broken. Expected to show monitoring of the support at 0.7170 to confirm a trend reversal.

In the long-term, we are waiting for further signs that the current downtrend is ending. 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