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
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
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.60% France 40: 0.55% US 500: 0.52% Germany 30: 0.44% Wall Street: 0.44% View the performance of all markets via
  • Heads Up:🇪🇸 Markit Manufacturing PMI (JUL) due at 07:15 GMT (15min) Expected: 59.5 Previous: 60.4
  • Take a closer look visually at the most influential global importers and exporters here:
  • Ethereum/Bitcoin spread looks to have broken trendline resistance we spoke about the weekend. #ethereum #bitcoin #eth #btc @dailyfx
  • 🇨🇭 Retail Sales YoY (JUN) Actual: 0.1% Previous: 2.8%
  • 🇨🇭 Inflation Rate YoY (JUL) Actual: 0.7% Expected: 0.7% Previous: 0.6%
  • Heads Up:🇨🇭 Retail Sales YoY (JUN) due at 06:30 GMT (15min) Previous: 2.8%
  • Heads Up:🇨🇭 Inflation Rate YoY (JUL) due at 06:30 GMT (15min) Expected: 0.7% Previous: 0.6%
  • 🇩🇪 Retail Sales YoY (JUN) Actual: 6.2% Previous: -1.8%
  • Crude Oil Prices Drop After Weaker China PMI, Viral Resurgence
AUD/USD Technical Analysis: Another Test Near 0.67 Due Ahead?

AUD/USD Technical Analysis: Another Test Near 0.67 Due Ahead?

Ilya Spivak, Head Strategist, APAC


  • Aussie Dollar rally powers prices above 2020 downtrend resistance
  • Resistance sub-0.67 might be retested, critical support above 0.62
  • Trader sentiment studies skew bearish but warn a reversal is brewing

The Australian Dollar brushed aside last week’s would-be breakdown. The currency reclaimed the upper hand against its US counterpart after finding support above the 0.62 figure, powering through resistance capping gains since the start of the year.

A seemingly minor support-turned-resistance barrier at 0.6505 is now being tested, with a decisive breach confirmed on a daily closing basis probably setting the stage for a retest of the 0.6671-90 zone. Returning back below 0.6214 is perhaps a prerequisite for meaningful downtrend resumption.

AUD/USD Technical Analysis: Another Test Near 0.67 Due Ahead?

AUD/USD daily chart created with TradingView

Zooming out to the monthly chart is a helpful reminder that the structural trend bias continues to tilt bearish. Within this context, prices are understandably reticent to break critical support marked by the 2008-9 lows, at least at first. As long as trend resistance near 0.70 isn’t broken however, recent gains seem corrective.

AUD/USD Technical Analysis: Another Test Near 0.67 Due Ahead?

AUD/USD monthly chart created with TradingView


Retail sentiment data shows 54.26% of traders are net-short, with the short-to-long ratio at 1.19 to 1. IG Client Sentiment (IGCS) is typically used as a contrarian indicator, so traders being net-short suggests a bullish AUD/USD trend bias.

However, the net-short skew in overall positioning has narrowed relative to yesterday and compared with last week. This warns thatthe Aussie Dollar may be laying the groundwork to reverse lower, despite the bullish cues still evident in current positioning.

AUD/USD Technical Analysis: Another Test Near 0.67 Due Ahead?

See the full IGCS sentiment report here.


--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, use the comments section below or @IlyaSpivak on Twitter

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