OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/USD Price Analysis: Aussie vulnerable near one-decade lows

  • AUD/USD remains under pressure while the price hovers near its lowest since March 2009.  
  • The level to beat for bears is the 0.6673 support 
 

AUD/USD daily chart

 
The aussie remains under selling pressure near one-decade lows. The sellers will most likely keep pressuring the 0.6673 support in order to extend losses towards the 0.6645 and 0.6617 price levels. Bullish pullbacks could find resistance near the 0.6693, 0.6716 and 0.6735 levels, according to the Technical Confluences Indicator. 
  
 
Resistance: 0.6693, 0.6716, 0.6735
Support: 0.6673, 0.6645, 0.6617
 

Additional key levels 

 

EUR/USD extends losses, comes within touching distance of 1.0900

After closing the previous week below the critical 1.1000 handle, the EUR/USD pair struggled to shake off the bearish pressure at the start of the wee
Read more Previous

AUD/USD erases majority of early gains, trades around 0.6675

The AUD/USD pair staged a rebound at the start of the week and rose above the 0.6700 handle but struggled to preserve its bullish momentum and retrace
Read more Next
Start livechat