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.

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
Bearish
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • UK PM Spokesman says the UK is committed to the triple lock on pensions government made a commitment not to increase rate of income tax
  • Heads Up:🇧🇷 BCB Focus Market Readout due at 11:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-06-21
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 86.01%, while traders in France 40 are at opposite extremes with 69.54%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/1KacM0SzUu
  • Please join @CVecchioFX at 7:30 EST/11:30 GMT for a webinar where you can develop a strategy for a major risk event. Register here: https://t.co/D8DAmLpkuS https://t.co/cXy5YF2QOe
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Gold: 1.03% Silver: 0.71% Oil - US Crude: 0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/c1PEiidgUD
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.47% 🇬🇧GBP: 0.42% 🇦🇺AUD: 0.35% 🇪🇺EUR: 0.28% 🇨🇭CHF: 0.18% 🇯🇵JPY: 0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/TTQNPmO5N9
  • It seems the markets are riding high, but risk is always lurking around the corner. Consider your escape plan before you find yourself in collapsing market. What are the top havens for different conditions in 2021? Find out from @JohnKicklighter here: https://t.co/1oeXWEsJkb https://t.co/uXSofbvppi
  • Iranian President Elect Raisi says we want verification for US sanctions removal #OOTT
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.65% Wall Street: 0.56% FTSE 100: 0.46% US 500: 0.45% France 40: 0.44% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/rOaykvimoe
  • China asks banks and alipay not to involve in Crypto operations
AUD/USD May Suffer A Continued Slide With Bullish Candlesticks Lacking

AUD/USD May Suffer A Continued Slide With Bullish Candlesticks Lacking

David de Ferranti, Currency Analyst

Talking Points

  • AUD/USD Technical Strategy: Shorts Preferred
  • Daily Devoid Of Bullish Candlesticks
  • Close Below 0.8815 Opens Low 0.8660

The Australian Dollar has maintained its downward trajectory as an absence of bullish candlesticks warns of further weakness. The push below 0.8815 alongside signs of a sustained downtrend opens the 2014 lows near 0.8660.

AUD/USD: Primed For Further Weakness With Bullish Candlesticks Lacking

AUD/USD May Suffer A Continued Slide With Bullish Candlesticks Lacking

Daily Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here

A pattern appears to be repeating itself on the four hour chart for the Aussie. A medley of Dojis have been followed by a short-lived recovery before the currency takes its next leg lower. Amid of a void of classic bullish signals, the latest iteration of the pattern may prove no different, which in turn leaves the immediate risks skewed to the downside.

AUD/USD: Suffers Doji Deja Vu

AUD/USD May Suffer A Continued Slide With Bullish Candlesticks Lacking

4 Hour Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here

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