AUDUSD 0.7323: bearish – Ranges near falling wedge lower bounds

FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD             slumped to a new 6-year low at .7259 (July 24, 2015) testing the 2.5-month falling wedge lower bounds (as shown on the 240minute chart). Oversold conditions caution for near-term bounces. The immediate resistance zone lies at .7371/.7416/.7448 near the falling trendline from July 6’s .7532 high, which should cap. Below .7259 would resume the weakness towards the .7209 area (the 76.4% retracement of the .6005/1.1079 2008/2011 upswing). However, if AUD bulls mange to reclaim the .7448 area, further gains can be expected towards .7532 near the 2.5-month falling wedge resistance.

Short term: bearish
Long term: bearish
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out