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
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
More View more
Real Time News
  • Upcoming UK GDP data could stoke FTSE 100 volatility as the index bleeds lower. Get your #FTSE market update from @PeterHanksFX here:https://t.co/4k21NHRiZt https://t.co/fOq2QzSZt5
  • Today's webinar 1. Gold pullback, looks like that bearish engulf from Friday did its work. 2. USD in range, but may be due for a stronger push as it approaches resistance. 3. Reversal scenarios in $USD, $AUD, $Euro and $NZD archive available now: https://t.co/wNs11Tux8M https://t.co/P3fiyo3KLv
  • A continued rise in US yields may see the Fed pick the Jackson Hole Symposium (as opposed to waiting until Sep meeting) to enlighten market participants on their monetary policy strategy review https://t.co/B5O4vcm8CF
  • I personally don't buy into the risk-on sparking a pullback in gold theme considering PMs have been moving in tandem with stocks for months Yields (real yields) have been the main driver for the PM complex https://t.co/rVZXTff93U
  • Today's webinar archived and ready to go -> https://t.co/wNs11Tux8M https://t.co/P3fiyo3KLv
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.23% Gold: -5.47% Silver: -13.52% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Nggu2Z5njd
  • Gold rally faces a reality check as US yields surge with 30yrs rising as much as 10bps Largest drop in gold in past decade - Aug 11, 2020: -5.5% (Currently) - Jun 20, 2013: -5.43% - Apr 13, 2013: -8.5% https://t.co/bxI6zKpzh1
  • The trio of central banks associated with the Australian, Canadian, and New Zealand Dollars remain in a holding pattern, even as global growth conditions improve, particularly in Asia and Europe. Get your market update from @CVecchioFX here: https://t.co/FBAMsPoEE0 https://t.co/Qz3Yugq1Kz
  • Australian Dollar Price Forecast: AUD/USD Threatens Reversal https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2020/08/11/Australian-Dollar-Price-Forecast-JS-Aussie-AUDUSD-AUD-USD-Threatens-Reversal.html https://t.co/lZtZoUmW1T
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.17%, while traders in Wall Street are at opposite extremes with 74.60%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/rvvFLo185X
AUD/USD at Support, GBP/AUD May Top as AUD/JPY Downtrend Extends

AUD/USD at Support, GBP/AUD May Top as AUD/JPY Downtrend Extends

2019-05-10 22:00:00
Daniel Dubrovsky, Analyst

Australian Dollar Technical Forecast

  • AUD/USD wedged between resistance, support eyeing breakout
  • AUD/JPY in a steady downtrend, adhering to a falling channel
  • GBP/AUD may be topping after a bearish Double Top pattern

Have a question about what’s in store for Australian Dollar next week? Join aTrading Q&A Webinarto ask it live!

AUD/USD Technical Outlook

The Australian Dollar traded sideways against its US counterpart this past week, holding within a critical psychological area on the chart below. AUD/USD is sitting at support between 0.6982 and 0.7012, or in other words right above the daily close seen in early 2019 during the ‘flash crash’. This leaves the Aussie Dollar ultimately little changed since January.

AUD has also been subdued by the falling trend line from late January (blue-dashed line below). Just above it sits former support-turned-resistance at 0.7057. Positive RSI divergence shows fading downside momentum, and this may precede a turn higher. Otherwise, clearing support exposes August 2015 lows.

AUD/USD Daily Chart


AUD/JPY Technical Outlook

The focus in markets on trade wars again is raising interest in the anti-risk Japanese Yen. AUD/JPY thus finds itself in a rather narrow descending channel, having just recently cleared key support at 77.49 via a gap lower at the beginning of last week. In the medium-term, losses in AUD/JPY followed the break under the near-term rising support line from late March.

This has ultimately exposed the ‘flash crash’ lows here as well around 75.24. If the channel holds, we may see a steady descent towards that level, eventually exposing lows not seen since 2011 and 2010. Otherwise, breaking above the channel ceiling, with confirmation, opens the door to a bullish reversal back to 79.84.

AUD/JPY Daily Chart


GBP/AUD was also a notable underperformer this past week after failing to top the highs in March at 1.8863. This has left behind it a potential Double Top bearish reversal pattern that appears to be brewing. The additional closes to the downside last week could be seen as confirmation, opening the door to testing what could be a potential trend line marked on the chart below.

Around that same area is former resistance that may turn into support around 1.8434. If breached, that will expose the April lows between 1.8100 and 1.8152. For more updates on the Australian Dollar and for important technical moves in other Aussie-crosses, you can follow me on twitter here @ddubrovskyFX where I will also be watching out for prominent fundamental developments.

GBP/AUD Daily Chart


* Charts created in TradingView

Looking for a fundamental perspective on AUD?

Check out the Weekly AUD Fundamental Forecast

FX Trading Resources

--- Written by Daniel Dubrovsky, Junior Currency Analyst for DailyFX.com

To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter

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


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.