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.

Free Trading Guides
EUR/USD
Mixed
GBP/USD
Mixed
USD/JPY
Bearish
Gold
Mixed
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • #Gold price outlook grows rosier as the latest #coronavirus outbreak in Wuhan, China roils stock market investor sentiment owing to its potential adverse impact on GDP growth. Get your $gld market update from @RichDvorakFX here: https://t.co/Cbk5vZTz6e $XAUUSD https://t.co/VzCpL5QW54
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.56%, while traders in US 500 are at opposite extremes with 67.46%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/kpKqjbVqdu
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: France 40: 0.23% Germany 30: 0.18% US 500: -1.25% Wall Street: -1.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/J54AuWzgUD
  • $EURGBP rallied to 0.8596 -its highest level in nearly eight weeks. However, the market retreated form that level and settled below 0.8500 handle. Get your market update from @malkudsi here: https://t.co/S27802jwCE https://t.co/rqS8jlM4rC
  • Jan 31: - Q4 earnings: Caterpillar, Exxon Mobil, Chevron - #BREXIT: UK🇬🇧 is scheduled to leave the EU after years of political gridlock - US personal income/spending data and U. of Mich. sentiment report - China 🇨🇳 PMI - GDP data: France🇫🇷, Spain🇪🇸, Italy🇮🇹 and Eurozone🇪🇺
  • Jan 30: - Q4 earnings: Samsung, Deutsche Bank, Amazon - BoE rate decision 🇬🇧 - US🇺🇸 Q4 GDP - Mexico🇲🇽 GDP - Eurozone 🇪🇺 Economic confidence, unemployment reports - Germany 🇩🇪 inflation data
  • Jan 29: - #FOMC rate decision, Powell conference - Q4 earnings: #Facebook, #Tesla - EIA releases 2020 energy outlook👀 - Italy🇮🇹 manufacturing and consumer confidence data - France🇫🇷 consumer confidence
  • Jan 28: - $Apple Q1 earnings - Congressional Budget Office releases economic outlook 📈 - US🇺🇸 consumer confidence and housing data (learn why that's important here) -https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2019/12/30/Why-Markets-Will-be-Closely-Watching-Housing-Data-in-2020.html
  • Hello there, traders! We've got another big week ahead of us with a lot of potentially volatility-inducing event risks amid the panic from the #coronavirus ⬇️
  • Barnier: No possibility of friction-less trade between EU and UK #Brexit
AUD/USD Classical 05.10

AUD/USD Classical 05.10

2010-05-10 06:07:00
Joel Kruger, Technical Strategist
Share:

aud2

AUD/USD: The market has fallen apart since failing to clear barriers by 0.9400, with setbacks now accelerating below 0.9000 and 0.8800 to put the focus on a major platform base by the 2010 lows at 0.8580. The market is however extremely volatile and risks for additional short-term corrective action can not be discounted, with the potential for a correction back into the 0.9100’s before the resumption of the bearish momentum.

 

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com 

If you wish to receive Joel's reports in a more timely fashion, e-mail instructor@dailyfx.com and you will be added to the "distribution" list.

 

 

If you wish to discus this topic or any other feel free to visit our Forum page


 

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

DISCLOSURES

News & Analysis at your fingertips.