• 4 hours Holiday Spending Already Soaring Amid Pandemic
  • 1 day Another Stock Market Crash Could be Looming
  • 2 days Trump Loses Another Leg Of The WeChat Battle
  • 3 days DOW Plunges Amid WInter COVID-19 Surge Fears
  • 3 days Big Profits Are No Longer The Top Priority For Oil Investors
  • 4 days Banksy’s Littered ‘Monet’ Sells for $10M
  • 6 days Three Renewable Energy IPOs To Watch
  • 7 days Bitcoin Nears $13,000 As PayPal Joins The Crypto Fray
  • 8 days DOJ Declares The Obvious: Google Is A “Monopoly”
  • 10 days Alibaba Is About To Make History Again
  • 11 days Robinhood Users Are Latest Target Of Pandemic Hackers
  • 13 days The Hydrogen Boom Will Provide A $200B Boost To Wind And Solar Energy
  • 14 days Will The 5G Rollout Overshadow This Major Merger?
  • 15 days Corporate Bitcoin Holdings Boost Crypto Confidence
  • 15 days Indonesia Rolls Out Augmented Reality Innovation To Combat COVID
  • 16 days Banks Are Getting Rich On Pandemic Overdrafts
  • 16 days The Real Reason China Is Betting Big On Renewables
  • 17 days Europe Wants To End The Big Tech Monopoly
  • 17 days New Breakthrough Could Transform Rare Earth Mining
  • 18 days Waymo Set To Roll Out Fully Self-Driving Vehicles
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

AUD/USD - Consolidating Within Symmetrical Triangle

AUD/USD has paused above key support at 0.7339 (intraday low). As long as prices remain below the resistance at 0.7608 (17/04/2017 high), the short-term technical structure is negative. Key resistance stands at 0.7681 (30/03/2017 high). Expected to show further weakness.

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