Skip to Content
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
Gold
Bearish
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
More View More
AUD/USD Bear Flag from November Low

AUD/USD Bear Flag from November Low

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Remember, “AUD/USD has followed through on its outside week reversal (lower) so broad focus is still lower.” The near term picture is tricky but AUD/USD remains capped by .7500, which has proven a useful pivot at times since July 2015 (initially as resistance following a gap). Even so, a push above .7500 wouldn’t necessarily flip the script to bullish.” AUD/USD pushed through .7500 and has collapsed. A bear flag has formed, suggesting that the broader move lower is resuming.

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

DISCLOSURES