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.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
Gold
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
Oil - US Crude
Mixed
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
Bitcoin
Bearish
More View more
Real Time News
  • $USDCAD is down over 0.30% from yesterday's high to intraday lows https://t.co/OhAAnqQyuE
  • Breakout in $Gold runs all the way up to re-test of six-year-high... and then stalls. What a run https://t.co/X6RrmSGr1v
  • Manic Macro: USD/JPY Breaks Out, Gold Toes the Line, Oil Bulls Return https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2020/02/19/Manic-Macro-USDJPY-Breaks-Out-Gold-Prices-Toe-the-Line-Oil-Bulls-Return-JS.html https://t.co/BxN4CFf0OO
  • 🇨🇦 CAD Consumer Price Index (YoY) (JAN), Actual: 2.4% Expected: 2.3% Previous: 2.2% https://www.dailyfx.com/economic-calendar#2020-02-19
  • 🇺🇸 USD Building Permits (MoM) (JAN), Actual: 9.2% Expected: 2.1% Previous: -3.7% https://www.dailyfx.com/economic-calendar#2020-02-19
  • 🇺🇸 USD Housing Starts (MoM) (JAN), Actual: -3.6% Expected: -12.0% Previous: 17.7% https://www.dailyfx.com/economic-calendar#2020-02-19
  • #DidYouKnow the global trade volumes dropped by close to 10% amid the Great Recession. Want to know your #tradewars history? Get it here: https://t.co/f4loFVimeY https://t.co/3TyNIUeS33
  • 🇺🇸 USD Building Permits (MoM) (JAN), Actual: 9.2% Expected: 2.1% Previous: -3.9% https://www.dailyfx.com/economic-calendar#2020-02-19
  • 🇺🇸 USD Housing Starts (MoM) (JAN), Actual: -3.6% Expected: -12.0% Previous: 16.9% https://www.dailyfx.com/economic-calendar#2020-02-19
  • 🇨🇦 CAD Consumer Price Index n.s.a. (MoM) (JAN), Actual: 0.3% Expected: 0.2% Previous: 0.0% https://www.dailyfx.com/economic-calendar#2020-02-19
AUD/USD: Prices Find Fib Support, Hint Upswing Ahead

AUD/USD: Prices Find Fib Support, Hint Upswing Ahead

2010-07-02 07:04:00
Ilya Spivak, Sr. Currency Strategist
Share:

Strategy: Pending Short

AUDUSD has produced a Hammer candlestick above support at 0.8368, the 61.8% Fibonacci retracement of the 5/25-6/21 upswing, hinting that a recovery may be ahead. Our overall bias remains bearish and we will look for a move higher to produce an attractive selling opportunity.

070210 AUD


To discuss these strategies with other traders, please visit the Candlestick Forum

To receive future articles by email, please contact Ilya at ispivak@dailyfx.com

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

DISCLOSURES

News & Analysis at your fingertips.