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
Bullish
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Heads Up:💶 ECB President Lagarde Speech due at 07:20 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-09-30
  • #Nasdaq100 Reacts to Key Resistance as Market Awaits Fiscal Stimulus $NQ $NDQ https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2020/09/30/Nasdaq-100-Reacts-to-Key-Resistance-as-Market-Awaits-Fiscal-Stimulus.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr https://t.co/4cKKQ069Wh
  • 🇨🇭 KOF Leading Indicators (SEP) Actual: 113.8 Expected: 106 Previous: 110.2 https://www.dailyfx.com/economic-calendar#2020-09-30
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: FTSE 100: -0.51% US 500: -0.57% Germany 30: -0.63% Wall Street: -0.64% France 40: -0.77% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/naM5tGUnsq
  • 🇫🇷 Inflation Rate YoY Prel (SEP) Actual: 0.1% Previous: 0.2% https://www.dailyfx.com/economic-calendar#2020-09-30
  • Heads Up:🇨🇭 KOF Leading Indicators (SEP) due at 07:00 GMT (15min) Expected: 106 Previous: 110.2 https://www.dailyfx.com/economic-calendar#2020-09-30
  • IG Client Sentiment indicates that gold traders are heavily leaning towards the long side, with 80% of positions net long, while 20% net short. Retail traders added short (+12%) exposure while trimming long (-3%) positions from a day ago. https://www.dailyfx.com/forex/market_alert/2020/09/30/Gold-Silver-Price-Analysis-Weighed-by-Stronger-US-Dollar-Post-Debate.html https://t.co/QenBWVHLzF
  • Heads Up:🇫🇷 Inflation Rate YoY Prel (SEP) due at 06:45 GMT (15min) Previous: 0.2% https://www.dailyfx.com/economic-calendar#2020-09-30
  • 🇬🇧 Nationwide Housing Prices YoY (SEP) Actual: 5% Expected: 4.5% Previous: 3.7% https://www.dailyfx.com/economic-calendar#2020-09-30
  • 🇬🇧 GDP Growth Rate QoQ Final (Q2) Actual: -19.8% Expected: -20.4% Previous: -2.5% https://www.dailyfx.com/economic-calendar#2020-09-30
AUD/USD .8890 in Focus as Resistance

AUD/USD .8890 in Focus as Resistance

2014-10-07 17:17:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Weekly

AUD/USD .8890 in Focus as Resistance

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-“AUDUSD arguably completed a head and shoulders top today. The pattern’s objective is .8971 but there is possible support from .9135 (2 equal legs down and former highs from March).”

-The target was reached 4 days after the pattern completed but AUDUSD has continued lower since breaking the line that extends off of the 2008 and January lows and the rate is flirting with a break of epic proportion. Resistance is .8890 and the swing pivot is .9111.

--Tradingideas are availabletoJ.S. Trade Desk members.

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

DISCLOSURES