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
Oil - US Crude
Wall Street
More View more
Real Time News
  • The Dow Jones will look to earnings from Apple, which was once the largest component of the index. Get your #Dowjones market update from @PeterHanksFX here:
  • The Indian Rupee may weaken following a breakout higher in USD/INR. Despite rising global stock market volatility, the Nifty 50 has been holding its ground. Could it capitulate lower? Find out from @ddubrovskyFX here:
  • Relief rally ahead for $AUDNZD? Bullish RSI divergence at key psychological support (1.0600) suggests a rebound back towards the 21-MA (1.0626) and 50-MA (1.0659) could be on the cards Conversely, a break below 1.0590 probably opens the door for further losses. $AUD $NZD
  • WTI Crude Oil fell to a fresh four-month-low this morning. This fresh low broke through range support that’s held for the better part of two months. Get your #crudeoil technical analysis from @JStanleyFX here:
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: -0.02% 🇳🇿NZD: -0.16% 🇦🇺AUD: -0.25% 🇬🇧GBP: -0.42% 🇨🇭CHF: -0.59% 🇪🇺EUR: -0.62% View the performance of all markets via
  • Nasdaq futures pivot sharply lower in the wake of earnings from $AMZN, $GOOGL, $FB and $AAPL, which comprise over 35% of the tech-heavy index collectively. $NQ_F $NDX still trading positive on the day.
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.13% Silver: -0.55% Gold: -0.57% View the performance of all markets via
  • Apple earnings: EPS $0.73 vs $0.71 est Revenue $64.70B vs est $63.47B $AAPL
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.31%, while traders in NZD/USD are at opposite extremes with 66.78%. See the summary chart below and full details and charts on DailyFX:
  • ECB Pre-Commits to More Stimulus: ECB’s Lagarde had stated that the GC were in agreement that given the current backdrop, risks were clearly tilted to the downside. Get your market update from @JMcQueenFX here:
AUD/USD Rebounds From Monthly Lows

AUD/USD Rebounds From Monthly Lows

2017-05-15 12:16:00
Walker England, Forex Trading Instructor

Talking Points:

The AUD/USD is rebounding sharply from monthly lows this Monday, as the US Dollar opens trading this week decisively lower. Technically the AUD/USD may now be considered trending higher in the short term, with the pair trading back above its 10 day EMA (exponential moving average) for the first time in 3 weeks. Traders should note that the 10 day EMA is found at .7408, and may be referenced as a point of support as prices trend higher. The next point of resistance on the daily chart may be found at the 200 day MVA (simple moving average) .7535.

In the event of a bearish reversal, traders should first look for prices to close back below the mentioned 10 day EMA later in the week. This change in momentum would then open up the pair to retest monthly lows which currently stand at .7335. In this bearish scenario, traders may next look for the AUD/USD to test the standing 2017 low found at .7165.

AUD/USD Daily Chart & Averages

AUD/USD Rebounds From Monthly Lows

(Created Using IG Charts)

Want to learn more about trading with market sentiment? Get our Free guide here.

Sentiment figures for the AUD/USD remain net positive at +1.24, but have moderated slightly from last week’s reading of +1.3. As it stands IG Client Sentiment (IGCS) shows that 55% of traders are long the AUD/USD. As a contrarian indicator this value maintains a modest bearish bias. If prices continue to advance however, traders should look for sentiment reading to neutralize and potentially flip to a net negative reading. If prices do continue to trend lower however, traders should look for sentiment readings to push towards positive extremes of +2.00 or more.

AUD/USD Rebounds From Monthly Lows

--- Written by Walker, Analyst for

To Receive Walkers’ analysis directly via email, please SIGN UP HERE

See Walker’s most recent articles at hisBio Page.

Contact and Follow Walker on Twitter @WEnglandFX.

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