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
Bearish
Oil - US Crude
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
Wall Street
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
Gold
Mixed
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
GBP/USD
Mixed
USD/JPY
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
Real Time News
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.14% Gold: -0.69% Silver: -1.41% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/guhQLALwYf
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.04% 🇯🇵JPY: -0.09% 🇨🇭CHF: -0.16% 🇦🇺AUD: -0.37% 🇬🇧GBP: -0.59% 🇳🇿NZD: -0.61% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/X568Rs9WtB
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.04% US 500: 0.01% France 40: 0.01% FTSE 100: -0.05% Wall Street: -0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/FocvtyS5wk
  • #Gold rose to a fresh two month high today just shy of the 1,800 level. The precious metal has since dropped slightly lower and is currently trading around 1,780 as US 10yr yields rose to an intraday high. $XAU $GLD https://t.co/oeY1Hkh0Eg
  • US 10yr Treasury yields just hit a fresh intraday high around the 1.58% level. Yields remain far off of the pandemic highs set around 1.75% in late March. $USD https://t.co/GCxSdIvBEl
  • The Spinning Top candlestick pattern forms part of the vast Japanese candlestick repertoire with its own distinct features. Gain a better understanding of the spinning top candlestick here: https://t.co/DWm7cBMUg9 https://t.co/o2NBAy00hQ
  • #Bitcoin is continuing to trade lower since its sell-off from above 60,000 earlier this week. The crypto is setting lower highs as the week advances and is currently trading just shy of the 55,000 level. $BTC https://t.co/mUqJu5Sau4
  • ETH/BTC spread back to levels last seen in August 2018... https://www.dailyfx.com/forex/market_alert/2021/04/22/Bitcoin-BTCUSD-Slide-Resumes-Ethereum-ETHUSD-Continues-to-Outperform.html
  • ECB Sources: ECB Hawks did not repeat calls for PEPP tapering at short, calm policy meeting on Thursday. #ECB $EUR
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.01% 🇨🇦CAD: -0.08% 🇨🇭CHF: -0.10% 🇦🇺AUD: -0.44% 🇳🇿NZD: -0.61% 🇬🇧GBP: -0.69% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/8weSC1Z8kF
AUD/USD Technical Analysis – Topping Signs Emerge Anew

AUD/USD Technical Analysis – Topping Signs Emerge Anew

Ilya Spivak, Head Strategist, APAC

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points:

  • AUD/USD Technical Strategy: Flat
  • Support:0.9422, 0.9324, 0.9223
  • Resistance: 0.9507, 0.9602, 0.9696

The Australian Dollar may be topping having tested the 0.95 figure against its US namesake as prices show a Dark Cloud Cover candlestick pattern. Near-term support is at 0.9422, marked by a recently broken range top set from early April and a rising trend line established from late May. A break below this barrier on a daily closing basis exposes a horizontal pivot at 0.9324. Alternatively, a push through resistance at 0.9507, the 38.2% Fibonacci expansion, clears the way for a test of the 50% level at 0.9602.

Prices are too close to support to justify entering short from a risk/reward perspective. On the other hand, the absence of a defined bullish reversal signal argues against taking up the long side. We will remain flat for now.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

AUD/USD Technical Analysis – Topping Signs Emerge Anew

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

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

DISCLOSURES