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
Bullish
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
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
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
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
GBP/USD
Mixed
USD/JPY
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
More View more
Real Time News
  • Canadian PM Trudeau says that Canada will keep pressing China over Hong Kong - BBG
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: US 500: -0.56% Wall Street: -0.67% France 40: -1.58% Germany 30: -1.67% FTSE 100: -2.27% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/wDSyL6upx6
  • Heads Up:🇺🇸 Fed Chair Powell Speech due at 15:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-05-29
  • EU global trade forecast for 2020 reduced by EU868B - BBG
  • The #Euro is the big driver here for DXY as it is 57% of the index. It is rising now and trying to break above the March 27 high at 11147. Get your $EURUSD technical analysis from @PaulRobinsonFX here:https://t.co/6gt3F9tTif https://t.co/DGS11IMvcd
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 2.25% Gold: 0.65% Oil - US Crude: -1.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/baGqMWQ4zE
  • 🇺🇸 Michigan 5 Year Inflation Expectations Final Actual: 2.7% Previous: 2.5% https://www.dailyfx.com/economic-calendar#2020-05-29
  • 🇺🇸 Michigan Inflation Expectations Final Actual: 3.2% Previous: 2.1% https://www.dailyfx.com/economic-calendar#2020-05-29
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.13%, while traders in US 500 are at opposite extremes with 77.99%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/7zuiFgkwj4
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Silver: 2.00% Gold: 0.48% Oil - US Crude: -1.54% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ICbXM6g3dk
AUD/USD Technical Analysis: Aussie Gains Most in 15 Months

AUD/USD Technical Analysis: Aussie Gains Most in 15 Months

2015-04-29 04:31:00
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: 0.7857, 0.7706, 0.7559
  • Resistance:0.8058, 0.8221, 0.8384

The Australian Dollar moved aggressively higher, taking out a range resistance at the 0.79 figure and suggesting an expected reversal is at hand. A daily close above the 38.2% Fibonacci retracement at 0.8059 exposes the 50% level at 0.8221.Alternatively, a turn below the 0.7857-0.7900 area (range top resistance-turned-support, 23.6% Fib) clears the way for a challenge of the 0.7706-33 zone (range mid-line, 14.6% retracement).

Risk/reward considerations argue against entering long with prices in close proximity to resistance. On the other hand, the absence of a defined bearish reversal signal suggests taking up the short side is premature. We will remain flat for now, waiting for an actionable opportunity to present itself.

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

AUD/USD Technical Analysis: Aussie Gains Most in 15 Months

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.