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. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
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
  • Take a closer look visually at the most influential global importers and exporters here:
  • EUR/USD tumbled last week on the day of the ECB’s latest policy announcement, and that weakness is set to continue this week as a flood of major Eurozone economic statistics is released. Get your weekly Euro forecast from @MartinSEssex here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • Gold price action is primed for volatility next week with the Fed decision on deck. How real yields and the US Dollar react to fresh guidance from Fed officials will be key for gold outlook. Get your weekly gold forecast from @RichDvorakFX here:
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • Canadian Dollar snapped a three-week losing streak after USD/CAD stalled at key technical resistance. Get your CAD weekly forecast from @MBForex here:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
AUD/USD Technical Analysis: Long-Term Down Trend Resuming?

AUD/USD Technical Analysis: Long-Term Down Trend Resuming?

Ilya Spivak, Head Strategist, APAC

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

Talking Points:

  • AUD/USD Technical Strategy: Flat
  • Bearish candlestick pattern hints an Aussie top may be in place
  • Confirmation of near-term uptrend reversal needed to enter short

The Australian Dollar put in a bearish Dark Cloud Cover candlestick pattern, hinting prices may be readying to turn lower after finding resistance below the 0.76 mark. Prices hit a two-month high just yesterday but a resurgence of Fed rate hike speculation managed to offer a lifeline to the battered greenback.

From here, a daily close below the 14.6% Fibonacci expansion at 0.7479 opens the door for a test of the 23.6% level at 0.7423. Alternatively, a push above the January 17 swing high at 0.7569 paves the way into a congestion area capped by a double top at 0.7760.

Tempting though it may be to bet on long-term down trend resumption, patience seems prudent for now. The series of higher highs and lows defining the latest upswing remains intact, suggesting that further confirmation is needed before taking up the short side.

Join the AUD/USD outlook webinar LIVE to see what drives prices each week!

AUD/USD Technical Analysis: Long-Term Down Trend Resuming?

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