- AUD/USD main bearish trend is currently in a bullish pullback for the fifth day in a row.
- AUD/USD is trading in a bull channel with the 100 and 200-period simple moving averages sloping upward suggesting bullish momentum. After reaching 0.7345 target bulls objective is to now keep the market above 0.7364 resistance in order to reach 0.7407 May 8 low.
- A sustained bear breakout below 0.7294 would negate the short-term bias.
Spot rate: 0.7366
Relative change: 0.38%
High: 0.7372
Low: 0.7331
Main trend: Bearish
Short-term trend: Bullish above 0.7294
Resistance 1: 0.7364 June 28 high
Resistance 2: 0.7380 June 26 low
Resistance 3: 0.7407 May 8 low
Support 1: 0.7345 August 3 low
Support 2: 0.7294 August 13 high
Support 3: 0.7255 August 13 low
Support 4: 0.7200 figure
Support 5: 0.7159 December 26, 2016 low
Support 6: 0.7100 figure
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended content
Editors’ Picks
EUR/USD turns negative near 1.0760
The sudden bout of strength in the Greenback sponsored the resurgence of the selling pressure in the risk complex, dragging EUR/USD to the area of daily lows near 1.0760.
GBP/USD comes under pressure and challenges 1.2500
GBP/USD now rapidly loses momentum and gives away initial gains, returning to the 1.2500 region on the back of the strong comeback of the US Dollar.
Gold retreats from highs on stronger Dollar, yields
XAU/USD trims part of its initial advance in response to the jump in the Dollar's buying interest and the re-emergence of the upside pressure in US yields.
XRP tests support at $0.50 as Ripple joins alliance to work on blockchain recovery
XRP trades around $0.5174 early on Friday, wiping out gains from earlier in the week, as Ripple announced it has joined an alliance to support digital asset recovery alongside Hedera and the Algorand Foundation.
Week ahead – US inflation numbers to shake Fed rate cut bets
Fed rate-cut speculators rest hopes on US inflation data. After dovish BoE, pound traders turn to UK job numbers. Will a strong labor market convince the RBA to hike? More Chinese data on tap amid signs of slow Q2 start.