• 13 mins The Tech That Will Shape The Future Of Megaprojects
  • 2 hours What Role Will The Saudis Play In Tesla's Private Listing?
  • 18 hours Investors Flee Emerging Markets Amid Lira Crisis
  • 19 hours Startup Aims To Attract Young Renters With Savvy Tech
  • 20 hours The Last Frontier For Artificial Intelligence
  • 21 hours EU Companies Struggle To Pick Sides In U.S.-Iran Dispute
  • 22 hours Turkey’s Currency Crisis Raises Fears Of Contagion
  • 1 day Could Gold Fall Below $1,000?
  • 1 day Markets Open Higher Despite Ongoing Turkish Crisis
  • 2 days Why Gold Investors Should Ignore The Swings
  • 3 days Stock Buybacks Poised To Eclipse $1 Trillion
  • 4 days Google Accepts Chinese Censorship For Big Payout
  • 4 days Baltics Want to Pull The Plug On Russian Power
  • 4 days Gold Demand In Iran Hits Record Levels
  • 4 days Ride-Sharing: The Next Hotbed For Cybercrime?
  • 4 days Turkey’s Currency Crisis Sends Shockwaves Through Global Markets
  • 4 days Why Rising Inflation Won’t Help Gold Prices This Time
  • 5 days Emerging Markets Hit Hard By Fed’s Trillion Dollar Experiment
  • 5 days What Is Vanadium And Why Did Its Price Just Skyrocket?
  • 5 days Greece: The EU’s Weakest Link
MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

Contact Author

  1. Home
  2. Markets
  3. Other

AUD/USD - Continued Increase

AUD/USD is reversing. Hourly support is located at 0.7145 (24/05/2016 low). Stronger daily support is given at 0.7110 (29/10/2016 low). Hourly resistance at 0.7260 (23/05/2016 high) confirms buying pressures.

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.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment