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. See our updated Privacy Policy here.



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
Please try again
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
More View more
Real Time News
  • 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:
  • Canadian Dollar snapped a three-week losing streak after USD/CAD stalled at key technical resistance. Get your CAD weekly forecast from @MBForex here:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • The Nasdaq 100 index is aiming to breach a key resistance level at 14,950 for a second time. A successful attempt may open the door to further gains, although the MACD indicator flags signs of weakness. Get your equities forecast from @margaretyjy here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out 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:
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here:
Australian Dollar Outlook Remains Bleak: AUD/USD, AUD/JPY, AUD/CAD, GBP/AUD

Australian Dollar Outlook Remains Bleak: AUD/USD, AUD/JPY, AUD/CAD, GBP/AUD

Daniel Dubrovsky, Strategist

Australian Dollar, AUD/USD, AUD/JPY, AUD/CAD, GBP/AUD – Weekly Technical Outlook

AUD/USD - Bearish

The Australian Dollar extended losses this past week, with AUD/USD taking out the 0.7445 – 0.7479 support zone. This follows a series of bearish crossovers, including one between the 20-day and 50-day Simple Moving Averages (SMAs). Another one occurred between the 20-day and 200-day SMAs. These seem to be favoring a downside technical bias. Still, positive RSI divergence is persisting. This shows that downside momentum is fading, which can at times precede a turn higher.


Chart Created in TradingView

AUD/JPY - Neutral

The Australian Dollar aimed lower against the Japanese Yen, but AUD/JPY remained constrained within the 81.323 – 81.987 support zone. A bearish crossover between the 20-day and 50-day SMAs still offers a near-term downward technical bias. However, the 200-day SMA is just below immediate support and it could reinstate the broader focus to the upside. If not, a drop through it would expose the midpoint of the Fibonacci retracement at 79.476 towards the October low.


Chart Created in TradingView

AUD/CAD – Neutral

The Australian Dollar continued to consolidate against the Canadian Dollar this past week, with AUD/CAD idling above the key 0.9248 – 0.9294 support zone. The pair remains in a downtrend, guided lower by a Descending Channel since February. Now, a bullish crossover between the 20-day and 50-day SMAs may occur, opening the door to an upside technical bias. That would subsequently expose the 100-day SMA. Otherwise, clearing support exposes the 38.2% Fibonacci extension at 0.9207.


Chart Created in TradingView

GBP/AUD – Bullish

The British Pound extended gains against the Australian Dollar this past week, with GBP/AUD further confirming the break above the key 1.8453 – 1.8527 resistance zone. This has opened the door to reversing the dominant downtrend that occurred throughout most of last year. The 123.6% Fibonacci extension was exposed at 1.8789. A turn lower may place the focus on the 20-day and 50-day SMAs. Still, negative RSI divergence persists, warning to remain cautious.


Chart Created in TradingView

--- Written by Daniel Dubrovsky, Strategist for

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.