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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
Low
High
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
Wall Street
Bullish
Low
High
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
Gold
Bullish
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Heads Up:🇦🇺 Ai Group Services Index (APR) due at 22:30 GMT (15min) Previous: 58.7 https://www.dailyfx.com/economic-calendar#2021-05-06
  • The US Dollar is still struggling against most ASEAN currencies. USD/SGD remains downside-focused despite recent gains. USD/THB is eyeing a triangle. USD/IDR and USD/PHP may point lower. Get your market update from @ddubrovskyFX here:https://t.co/6Nvvmz8h6d https://t.co/dX69A341oc
  • US Dollar Outlook: USD/CAD Volatility to Rise, Jobs Data Looms -via @DailyFX Link to Full Analysis: https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2021/05/06/us-dollar-outlook-usd-cad-volatility-to-rise-jobs-data-looms.html #NFP $DXY $USDCAD https://t.co/OIYZ2YXxLK
  • Heads Up:🇺🇸 Fed Kaplan Speech due at 22:05 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-05-06
  • The Federal Reserve discussed the vulnerability of asset prices should appetite change. Get your market update here: https://t.co/0nAEKEX1eh https://t.co/BD24UcDeyT
  • EUR/USD stronger amid broad USD weakness on Thursday $EURUSD https://t.co/h042KoSyuA
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.98% 🇨🇭CHF: 0.60% 🇦🇺AUD: 0.49% 🇳🇿NZD: 0.26% 🇯🇵JPY: 0.11% 🇬🇧GBP: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/4u2cNfSmLn
  • RT @BrendanFaganFx: Federal Reserve Hints at Potential Declines in Asset Prices, Calls for Hedge Fund Transparency #Fed #FederalReserve #F…
  • Both EUR/JPY and EUR/USD are hovering near multi-year downtrend downtrends, while EUR/GBP may still have more room to the topside. Get your $EUR market update from @CVecchioFX here:https://t.co/2SYCKwz8hz https://t.co/tj6UQUDzRL
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 3.18% Gold: 1.61% Oil - US Crude: 0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/mo9LS3teJl
Australian Dollar Crosses Face Resistance Near Current Levels

Australian Dollar Crosses Face Resistance Near Current Levels

Jamie Saettele, CMT, Sr. Technical Strategist

Australian Dollar / Canadian Dollar

Daily Bars

Australian_Dollar_Crosses_Face_Resistance_Near_Current_Levels_body_audcad.png, Australian Dollar Crosses Face Resistance Near Current Levels

Prepared by Jamie Saettele, CMT

Might the AUDCAD be sending warning signals to AUD (and risk) bulls in general? I think so. The 2nd standard deviation band (60 day) has provoked reactions over the last year, typically within several days of touching the band. The 61.8% retracement of the 10783-9955 decline comes in at 10467 as resistance. Reward/risk favors bears.

Australian Dollar / New Zealand Dollar

Weekly Bars

Australian_Dollar_Crosses_Face_Resistance_Near_Current_Levels_body_audnzd.png, Australian Dollar Crosses Face Resistance Near Current Levels

Prepared by Jamie Saettele, CMT

The AUDNZD is drifting sideways as price is right at its 4 week, 13 week, and 52 week averages. In other words, the AUDNZD is coiled which warns of an eventual break. Look lower as long as price is below the May high of 13048. 12860 and 12920 serve as resistance ahead of the key level. Ultimately, a test of the 2011 low is expected (12315).

Australian Dollar / Japanese Yen

Daily Bars

Australian_Dollar_Crosses_Face_Resistance_Near_Current_Levels_body_audjpy.png, Australian Dollar Crosses Face Resistance Near Current Levels

Prepared by Jamie Saettele, CMT

The AUDJPY is in ‘melt-up’ mode and approaching resistance from the April low at 8248 and 61.8% retracement of the 8862-7445 decline at 8321. Also on the 2nd standard deviation band (20 day), expect headwinds as price nears the mentioned levels. Of note in the event of an extended advance is the confluence of the 10/31/11 high and 61.8% extension of the 7445-8157 advance from 7931 at 8370/95.

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter @JamieSaettele

To be added to Jamie’s e-mail distribution list, send an e-mail with subject line "Distribution List" to jsaettele@dailyfx.com

Jamie is the author of Sentiment in the Forex Market.

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

DISCLOSURES