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
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • The path for the Japanese Yen seems to favor the downside looking at a majors-based index. USD/JPY may rise within its Ascending Channel, but there is some scope for a healthy correction. Get your market update from @ddubrovskyFX here:https://t.co/7XFJiCYYEM https://t.co/sSMeHIti1B
  • Heads Up:🇦🇺 Balance of Trade (JAN) due at 00:30 GMT (15min) Expected: A$6.5B Previous: A$6.785B https://www.dailyfx.com/economic-calendar#2021-03-04
  • Heads Up:🇦🇺 Retail Sales MoM Final (JAN) due at 00:30 GMT (15min) Expected: 0.6% Previous: -4.1% https://www.dailyfx.com/economic-calendar#2021-03-04
  • RT @FxWestwater: Australian Dollar Outlook: $AUDUSD, $AUDNZD at Key Levels as Trade Data Looms Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/03/04/Australian-Dollar-Outlook-AUDUSD-AUDNZD-at-Key-Levels-as-Trade-Data-Looms.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/…
  • 🇯🇵 Foreign Bond Investment (27/FEB) Actual: ¥-1719B Previous: ¥-1888.7B https://www.dailyfx.com/economic-calendar#2021-03-03
  • Heads Up:🇨🇳 National Committee of the CPPCC due at 00:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-03-04
  • Australia's Prime Minister Scott Morrison: AstraZeneca vaccine to start rollout on Friday -BBG
  • Heads Up:🇯🇵 Foreign Bond Investment (27/FEB) due at 23:50 GMT (15min) Previous: ¥-1893B https://www.dailyfx.com/economic-calendar#2021-03-03
  • The British Pound’s recent slip lower against its major counterparts may prove short-lived. Key levels to watch for GBP/USD, GBP/JPY, GBP/CHF and EUR/GBP. Get your $GBP market update from @DanielGMoss here:https://t.co/Y48cF2qi9M https://t.co/ipxZNf8RCY
  • 🇰🇷 GDP Growth Rate QoQ Final (Q4) Actual: 1.2% Expected: 1.1% Previous: 2.1% https://www.dailyfx.com/economic-calendar#2021-03-03
AUD/USD Short Term Triangle Could Result in 1.0500 Thrust

AUD/USD Short Term Triangle Could Result in 1.0500 Thrust

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_aud-usd_body_audusd.png, AUD/USD Short Term Triangle Could Result in 1.0500 Thrust

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ?

FOREXAnalysis: The bulk of the AUDUSD rally from 1.0114 is probably complete but strong momentum on this move suggests the AUDUSD may spend some more time up here before rolling over for the next wave down. There are sure to be some false tops put in before wave 3 or C towards parity and below commences.

FOREXTrading Strategy: The 50% retracement of the rally from the 2012 low in EURAUD was reached yesterday and the EURAUD retraced yesterday’s entire decline today. I maintain that we are close to an important AUDUSD turn but may not get it until near 1.0485.

LEVELS: 1.0194 1.0225 1.0300 1.0413 1.0494 1.0543

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

DISCLOSURES