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
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
Wall Street
Bullish
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: US 500: -0.17% FTSE 100: -0.22% Wall Street: -0.31% France 40: -0.36% Germany 30: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/nGVrVaJAZo
  • Join DailyFX Analyst @ddubrovskyFX live at 4:15 GMT / 12:15am EDT for live coverage of the #RBA monetary policy announcement and its impact on the Australian Dollar. https://www.dailyfx.com/webinars/694465483 #AUDSUD https://t.co/dnxEfHn1rX
  • A macro forex trading guide exploring how to trade the Euro vs the Swedish Krona and Norwegian Krone through the prism of the Core-Perimeter model. Get your market update from @ZabelinDimitri here:https://t.co/n6zwlZJmGO https://t.co/ezgj4G8fXj
  • RT @margaretyjy: AUD/USD is sliding - Australian media reports Victoria state premier considering 4-week statewide lockdown https://t.co/zs…
  • Heads up - today’s #AUDUSD weekly outlook webinar had to be cancelled due to technical difficulties. It will resume next week. Apologies for any inconvenience.
  • The Core-Perimeter trading model helps traders understand interactions between global economies, helping to trade the assets embedded in these relationships. Get your market update from @ZabelinDimitri here:https://t.co/dKRAo00lfA https://t.co/pS49FBaydp
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.13% Gold: 0.02% Oil - US Crude: -0.17% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/GhNSi925mA
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.09% 🇳🇿NZD: 0.08% 🇪🇺EUR: 0.06% 🇨🇭CHF: -0.01% 🇦🇺AUD: -0.02% 🇨🇦CAD: -0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/5wVmspt3SR
  • RT @margaretyjy: The S&P 500 Index is facing a 'reality check' as 70% of the index components are releasing Q2 earnings by end July. Analys…
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.40%, while traders in US 500 are at opposite extremes with 70.86%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ajy9wvImEC
AUD/USD Technical Analysis: Waiting for Clear Breakout

AUD/USD Technical Analysis: Waiting for Clear Breakout

2014-12-23 00:49:00
Ilya Spivak, Head Strategist, APAC
Share:

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

Talking Points:

  • AUD/USD Technical Strategy: Flat
  • Support:0.8106, 0.8000, 0.7938
  • Resistance:0.8151, 0.8207, 0.8269

The Australian Dollar continues to oscillate in a narrow range having found support above the 0.81 figure against its US namesake. Near-term resistance is at 0.8151, a falling channel top, with a break above that on a daily closing basis exposing the 14.6% Fibonacci retracement at 0.8207. Alternatively, a reversal below the December 17 low at 0.8106 clears the way for a challenge of channel floor support at 0.8000.

Positioning is inconclusive at this point, with prices offering no clear-cut and actionable signal to initiate a long or short trade. We will continue to remain on the sidelines for the time being, waiting for a compelling opportunity to present itself.

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

AUD/USD Technical Analysis: Waiting for Clear Breakout

Daily Chart - Created Using FXCM Marketscope

--- 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

News & Analysis at your fingertips.