OctaFX | OctaFX Forex Broker
Sign in
Open account
Back

AUD/USD Technical Analysis: Quiet start of the week can lead to bull eyeing 0.7150 resistance

AUD/USD daily chart

  • AUD/USD is trading in a bear trend below its 200-day simple moving averages (SMA). 
  • AUD/USD is trading above the 0.7100 mark and the 50 and 100 SMA. All-in-all suggesting a mixed picture for the currency pair.


AUD/USD 4-hour chart

  • AUD/USD is dropping below the 50 and 100 SMAs but is still holding above the 200 SMA and the 0.7130 support level.


AUD/USD 30-minute chart

  • As AUD/USD found some support near 0.7130 bulls can try to drive the markets towards 0.7150/60 and 0.7180 if they gather enough steam.
  • A break below 0.7130 could lead to a spike down to 0.7100 figure. 

Additional key levels

 

USD/CHF rises to the strongest since March 2017

The USD/CHF pair continued to rise at a modest pace during the US session and peaked at 1.0159. Near the end of the American session, it is up for the
Read more Previous

Brazil: Growth recovery is slowing down - BBVA

Analysts at the Research Department at BBVA, lowered their growth forecast for the Brazilian economy for 2019 and 2020. They expected USD/BRL to rise
Read more Next
Start livechat