News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Wall Street
More View more
Real Time News
  • The US Dollar will be bracing for a cascade of political risks including the first presidential debate, ongoing stimulus talks, the Supreme Court vacancy against the backdrop of key employment data. Get your #currencies update from @ZabelinDimitri here:
  • The Indian Rupee may be at risk to the US Dollar as USD/INR attempts to refocus to the upside. This is as the Nifty 50, India’s benchmark stock index, could fall further. Get your $USDINR market update from @ddubrovskyFX here:
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out:
  • Weakness in equity markets continued last week as losses built and technical patterns hint further bearishness might be ahead. Get your #equities update from @PeterHanksFX here:
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:
  • #Gold prices succumbed to selling pressure as the US Dollar soared this past week What is #XAUUSD facing these next few days and can these fundamental forces extend its selloff? Check out my outlook here -
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:
AUDNZD Free Falls into the August Open- Bearish Sub 1.1175

AUDNZD Free Falls into the August Open- Bearish Sub 1.1175

2015-08-20 20:11:00
Michael Boutros, Strategist

Talking Points


AUDNZD Free Falls into the August Open- Bearish Sub 1.1175

Chart Created Using FXCM Marketscope 2.0

Technical Outlook

  • AUDNZD reversal off resistance now testing monthly open support 1.1067
  • Bias remains weighted to the downside while below slope resistance ~1.1175
  • Break lower targets support objectives at the monthly low 1.1009 & 1.0910/35
  • Daily RSI breaking sub-50 for the first time this moth- bearish
  • Daily momentum in consolidation- look for break for guidance
  • Limited event risk into end of week

AUDNZD 30min

AUDNZD Free Falls into the August Open- Bearish Sub 1.1175

Notes:The AUDNZD reversal off resistance early this week has now come into key near-term support at 1.055/67. This region is defined by the 61.8% retracement of the advance off the July low & the August open. The immediate short-bias is at risk while above this region with near-term resistance eyed at 1.1105/08 & 1.1145 with our bearish invalidation level now lowered to 1.1175.

Bottom line: we could see some upside from here but we’ll be looking for short triggers into resistance with a break of the lows targeting the monthly opening range low at 1.1009 backed by 1.0955. A quarter of the daily average true range (ATR) yields profit targets of 25-27pips per scalp. Event risk on the pair is limited heading into the weekend with New Zealand Trade Balance figures on tap next week.

For updates on this scalp and more setups throughout the week subscribe to SB Trade Desk

Relevant Data Releases

AUDNZD Free Falls into the August Open- Bearish Sub 1.1175

Other Setups in Play:

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michaelon Twitter @MBForex,contact him at or Click Here to be added to his email distribution list

Join Michael for Live Scalping Webinars on Mondays on DailyFX at 12:30 GMT (8:30ET)

Interested in learning about Fibonacci? Watch this Video

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.