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EUR/USD Update: Recession Fears, as Reduced Russian Gas Grips Germany
2022-06-24 11:30:00
Euro May Break Seven-Year Floor vs. US Dollar, Fall Below Parity
2022-06-24 06:30:00
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Crude Oil Price Outlook: WTI Trendline Breakout Spells Trouble as Retail Traders Buy
2022-06-25 06:00:00
Crude Oil Update: Brent Finds Support as Focus Shifts to OPEC+ Next Week
2022-06-24 09:01:00
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Wall Street IG Client Sentiment: Our data shows traders are now net-short Wall Street for the first time since Jun 08, 2022 when Wall Street traded near 32,936.00.
2022-06-24 17:23:00
DAX, DOW and FTSE Rise as Investors Rethink Path of Inflation and Rate Hikes
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Gold Prices Eye Bullish Turnaround, Silver’s Outlook Clouded by Recession Fears
2022-06-24 20:00:00
Gold Price Outlook Mired by Failure to Test 50-Day SMA
2022-06-23 21:30:00
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Pound Weekly Fundamental Forecast: Unflattering GBP Set to Continue
2022-06-24 16:00:00
GBP/USD Technical Analysis: Reversal Week Holding is Bullish
2022-06-24 12:30:00
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Japanese Yen Forecast: USD/JPY Bearish as Yields and Oil Drops
2022-06-24 08:01:00
US Dollar Forecast: Pullback in US Yields Hampers DXY Index, USD/JPY
2022-06-23 18:30:00
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AUDUSD Slowly Inching Towards Edge

AUDUSD Slowly Inching Towards Edge

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_aud-usd_body_audusd.png, AUDUSD Slowly Inching Towards Edge

Prepared by Jamie Saettele, CMT

The AUDUSD continues to trade lower intraday, threaten to break, and then drift higher to close in the middle of its range. Frustrating to say the least, 10464 remains the bearish line in the sand for me. Exceeding that level would shift focus to former supports at 10509 and 10597. Price ideally stays below Monday’s high (10384) on its way towards 10225 and below. Resistance for Wednesday is 10330/60.

Bottom Line (next 5 days) – lower

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

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