• 7 hours Conspiracy Theories Set Tone For 5G Cold War
  • 8 hours Working From Home Will Transform The Energy Industry
  • 9 hours The Multi-Billion Dollar Race For A Vaccine
  • 10 hours Can Domestic Tourism Bolster Emerging Economies?
  • 11 hours Australia Considers $100 Million Investment To Kickstart Mining Industry
  • 12 hours Has Re-Opening The Economy Been Successful?
  • 13 hours Gold Miners Still Have Massive Upside Potential
  • 14 hours The Risky World Of Oil Hedging
  • 15 hours Africa Turns To Innovation Amid The Global Pandemic
  • 16 hours COVID-19 Sparked A Bicycle Boom
  • 17 hours Will Government COVID Intervention Cause Inflation?
  • 1 day The Bitcoin Miner That Is Paid To Do Nothing
  • 2 days Capital Gain vs. Capital Consumption
  • 2 days Tesla’s Latest Battery Innovation Ready For Use In China
  • 2 days China Targets Hong Kong As Cold War With US Heats Up
  • 3 days No Shirt, No Shoes, No Mask, No Service
  • 5 days Is Bitcoin Actually Worth The Energy It Uses?
  • 5 days Insurance Companies Are Turning People Away As COVID-19 Crisis Escalates
  • 5 days Mining Exploration To Drop By Nearly 30% Despite Gold Boom
  • 5 days Europe Set To Unveil Its $500 Billion 'Green Deal'
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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…

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 - Trading Around The 200-DMA

AUD/USD has finally ended its rebound from support given at 0.7145 (24/05/2016 low). A short-term bullish technical structure dominates. Local support is given at 0.7331 (yesterday low). Expected to see further consolidation.

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