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
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
Oil - US Crude
Mixed
Wall Street
Bearish
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
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
USD/JPY
Mixed
More View more
Real Time News
  • AUD/USD extends the decline from the monthly high (0.7891) as the update to the US Consumer Price Index (CPI) shows a larger-than-expected rise in inflation. Get your $AUDUSD market update from @DavidJSong here:https://t.co/2cnyOu67Lv https://t.co/fOr8ZMSqs0
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.23% Gold: -1.26% Silver: -2.35% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/0j3vSy7Wsi
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.18%, while traders in GBP/USD are at opposite extremes with 66.35%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/4EbJyF3G82
  • President Biden: I see room for a compromise on infrastructure bill $USD
  • President Biden: - I have lifted restrictions on the transportation of fuel - I expect good news from Colonial Pipeline in the next 24 hours
  • I tend to bring this up every couple of years, but the SF Fed has a 'Chair the Fed' game (https://t.co/4nMYPgiNQW) where you can make policy decisions through hypothetical economic scenarios. I wonder what the game's algorithm would say about our current situation...
  • Gold's weekly price chart has worked itself into a bit of a bull flag accompanied with a MACD crossover. Will we finally see $GLD snap its downtrend? Read more - https://www.dailyfx.com/forex/market_alert/2021/05/12/Gold-Price-Forecast-Can-Gold-Stage-a-Major-Breakout.html?ref-author=phanks&QPID=917701&CHID=9 https://t.co/1ry5JQTsKI
  • ...and before you say "this already happens" (natural skeptics) or "central banks are just focusing on the economy"; if the market's believe it, they will respond accordingly. And, what happens when markets start to fall uncontrolled and markets realize the Fed can't stop it
  • The Nasdaq is going to be looking over the ledge tomorrow on the open tomorrow. What's the likelihood that the Fed is going to do another 'inflation is transitory' roadshow? If the markets start to genuinely believe the central bank is attempting prop the markets up...dangerous. https://t.co/44pbF9w49t
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.01% US 500: 0.01% Germany 30: -0.43% FTSE 100: -0.58% France 40: -0.59% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/ooxGN9fkOW
AUD/USD Technical Analysis: Looking to Sell on Bounce

AUD/USD Technical Analysis: Looking to Sell on Bounce

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: 0.7249, 0.7188, 0.7126
  • Resistance:0.7343, 0.7396, 0.7482

The Australian Dollar may move higher against its US counterpart after prices put in a bullish Morning Star candlestick pattern. Near-term resistance is at 0.7343, the 14.6% Fibonacci retracement, with a break above that on a daily closing basis exposing the 23.6% level at 0.7396. Alternatively, a move below the 38.2% Fib expansion at 0.7249 opens the door for a challenge of the 50% threshold at 0.7188.

The dominant AUD/USD trend continues to favor the downside. With that in mind, we will treat any on-coming gains as corrective and look to an upswing as an opportunity to enter short. In the meantime, we will remain on the sidelines.

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

AUD/USD Technical Analysis: Looking to Sell on Bounce

--- 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