OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/USD clings to 0.8800

FXStreet (Córdoba) - AUD/USD has entered a consolidation phase during the American session, unable to pick up momentum despite broad USD weakness.

The Aussie has proven pretty resilient today despite the negative tone in stocks, with the downside contained by 0.8788 during the European session, confining AUD/USD to a phase of consolidation. At time of wrtiitng, AUD/USD is trading at 0.8805, 0.10% above its opening price.

AUD/USD technical levels

In terms of technical levels, AUD/USD could find immediate support levels at 0.8788 (intraday low), 0.8765 (21-day SMA) and 0.8718 (Oct 24 low). On the other hand, resistances are seen at 0.8823 (intraday high), 0.8859 (Oct 15 high) and 0.8900 (psychological level).

USD/CAD sidelined in current ranges - TD Securities

Shaun Osbourne, Chief FX Strategist at TD Securities feels the USD/CAD will be side-lined for the time being and caught in existing narrow range.
Read more Previous

And the NZD/USD flew to 0.7900

After testing the 0.7880 area several times in the Monday's session, NZD/USD finally broke up this level and it extended highs to the 0.7900 area. The movement seems to be fueled by stops triggering above previous resistances.
Read more Next
Start livechat