OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/USD scared by 2014 low at 0.8660

FXStreet (Moscow) - AUD/USD stopped within a duple of pips from 2014 low at 0.8660; the pair is trading at 0.8668, about 75 pips lower on the day.

Aussie aims at 2014 low

AUD/USD is back below 0.8700 again. The pair is dangerously close to 2014 low at 0.8660. This level is a hard nut to crack for Aussie bears, as it is surrounded by strong offers and stops. It means that without a good bearish trigger the pair might start consolidation phase. Later during the day AUD/USD dynamics could be influenced by USD sentiments shaped by macroeconomic reports. Namely, ADP Employment Change and ISM in manufacturing sector will be in focus. From the technical point of view, watch 0.8660 support, once it is broken, the downside might extend towards 0.8600/0.8590. The upside is limited by 0.8700.

What are today’s key AUD/USD levels?

Today's central pivot point can be found at 0.8737, with support below at 0.8704, 0.8661 and 0.8628 with resistance above at 0.8780, 0.8813 and 0.8856. Hourly Moving Averages are bearish, with the 200SMA bearish at 0.8831 and the daily 20EMA bearish at 0.8971. Hourly RSI is bullish at 28.

Ireland Purchasing Manager Index Manufacturing down to 55.7 in September from previous 57.3

Read more Previous

USD/JPY bulls need to take a breath before a new attack at 110.00

USD/JPY retraced towards 109.83 after a failed attempt to settle above 110.00 resistance.
Read more Next
Start livechat