• 302 days Will The ECB Continue To Hike Rates?
  • 302 days Forbes: Aramco Remains Largest Company In The Middle East
  • 304 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 704 days Could Crypto Overtake Traditional Investment?
  • 709 days Americans Still Quitting Jobs At Record Pace
  • 711 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 714 days Is The Dollar Too Strong?
  • 714 days Big Tech Disappoints Investors on Earnings Calls
  • 715 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 717 days China Is Quietly Trying To Distance Itself From Russia
  • 717 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 721 days Crypto Investors Won Big In 2021
  • 721 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 722 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 724 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 725 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 728 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 729 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 729 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 731 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

AUD/USD - Resistance At 0.7217 Is On Target

AUD/USD is back to bullish after consolidation period. Resistance at 0.7517 (04/05/20160 is on target. Hourly support is located at 0.7286 (16/06/2016 low).

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