OctaFX | OctaFX Forex Broker
Open trading account

Forex: AUD/USD consolidates above 1.0300

The Australian dollar entered into a consolidation phase during the American afternoon after the AUD/USD rally found resistance at the 1.0335 area.

AUD/USD backed away from a 2-week high of 1.0334, but with the subsequent dip being contained by the 10-hour SMA at the 1.0310 zone, the pair was left in a range. At time of writing, AUD/USD is trading around 1.0320, still up 0.4% on the day.

As for technical levels, if the Aussie breaks above the 1.0335 area, next resistances are seen at 1.0355 (200-day SMA) and 1.0400 (psychological level/100-day SMA), while on the other hand, supports could be found at 1.0265/70 (intraday low/20-day SMA), 1.0255 (100-hour SMA) and 1.0200 (psychological level).

US markets in red, dollar slightly up

US equities is trading on the back foot on Tuesday, momentarily halting the impressive bull run that took the Dow Jones to all-time highs. The greenback, measured by the US Dollar Index, has trimmed earlier...
Read more Previous

Forex: US Dollar Index flat around 82.60

The US Dollar Index, which tracks the greenback against its major competitors, is posting meagre gains on Tuesday, hovering over the area of 82.60...
Read more Next
Start livechat