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
EUR/USD
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
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
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 2.05% France 40: 1.52% Germany 30: 1.35% Wall Street: 0.78% US 500: 0.47% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/LpQJXgdHxM
  • 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: https://t.co/5uSWKoLkd6 https://t.co/YAtLZ9lqNi
  • EU's Barnier says he remains determined for a Brexit deal $GBP
  • 🇬🇧 Markit/CIPS Composite PMI Flash (SEP) Actual: 55.7 Expected: 56.3 Previous: 59.1 https://www.dailyfx.com/economic-calendar#2020-09-23
  • 🇬🇧 Markit/CIPS UK Services PMI Flash (SEP) Actual: 55.1 Expected: 56 Previous: 58.8 https://www.dailyfx.com/economic-calendar#2020-09-23
  • 🇬🇧 Markit/CIPS Manufacturing PMI Flash (SEP) Actual: 54.3 Expected: 54.1 Previous: 55.2 https://www.dailyfx.com/economic-calendar#2020-09-23
  • The London trading session accounts for around 35% of total average forex turnover*, the largest amount relative to its peers. The London forex session overlaps with the New York session. Learn about trading the London forex session here: https://t.co/UTWxbnNz7M https://t.co/txgNCgB5Y8
  • Heads Up:🇬🇧 Markit/CIPS Composite PMI Flash (SEP) due at 08:30 GMT (15min) Expected: 56.3 Previous: 59.1 https://www.dailyfx.com/economic-calendar#2020-09-23
  • Heads Up:🇬🇧 Markit/CIPS UK Services PMI Flash (SEP) due at 08:30 GMT (15min) Expected: 56 Previous: 58.8 https://www.dailyfx.com/economic-calendar#2020-09-23
  • Heads Up:🇬🇧 Markit/CIPS Manufacturing PMI Flash (SEP) due at 08:30 GMT (15min) Expected: 54.1 Previous: 55.2 https://www.dailyfx.com/economic-calendar#2020-09-23
AUD/USD Awaiting Bearish Signal Near 2014 High

AUD/USD Awaiting Bearish Signal Near 2014 High

2014-05-12 11:49:00
David de Ferranti, Currency Analyst
Share:

Talking Points

  • AUD/USD Technical Strategy: Sidelines Preferred
  • Clearance of 0.9300 opens 0.9375 then 0.9440
  • Absence of bearish signal suggests further gains

The Australian Dollar has finally cleared its recent trading range between 0.9210 and 0.9300 following the formation of a Dragonfly Doji on the daily. With the push above key resistance for the currency, an extension to the 0.9440 mark may be on the cards given the absence of a bearish reversal pattern on the daily. Interim resistance is offered by the 0.9375 mark.

AUD/USD: Clears Critical 0.9300 Handle

AUD/USD Awaiting Bearish Signal Near 2014 High

Daily Chart - Created Using FXCM Marketscope 2.0

The 4 hour chart continues to demonstrate hesitation from traders near the 0.9375/85 level of resistance. However, it may be too soon to call for a correction given the lack of a key reversal signal.

AUD/USD: Doji Highlights Indecision Near 0.9385

AUD/USD Awaiting Bearish Signal Near 2014 High

4 Hour Chart - Created Using FXCM Marketscope 2.0

By David de Ferranti, Currency Analyst, DailyFX

Follow David on Twitter: @Davidde

To receive David’s analysis directly via email, please sign up here

Learn how to read candlesticks to help identify trading opportunities with the DailyFX Candlesticks Video Course.

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

DISCLOSURES