• 716 days Will The ECB Continue To Hike Rates?
  • 717 days Forbes: Aramco Remains Largest Company In The Middle East
  • 718 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,118 days Could Crypto Overtake Traditional Investment?
  • 1,123 days Americans Still Quitting Jobs At Record Pace
  • 1,125 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,128 days Is The Dollar Too Strong?
  • 1,128 days Big Tech Disappoints Investors on Earnings Calls
  • 1,129 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,131 days China Is Quietly Trying To Distance Itself From Russia
  • 1,131 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,135 days Crypto Investors Won Big In 2021
  • 1,135 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,136 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,138 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,139 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,142 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,143 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,143 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,145 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

AUD/USD - Significant Selling Pressures

AUD/USD keeps on weakening. Key resistance is located far away at 0.7756 (10/08/2016 high). Hourly support is found at 0.7490 (31/08/2016 low). Expected to further decline.

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