FxWirePro
Short

AUD/USD dips back into cloud, falls till 0.7175 likely

FX:AUDUSD   Australian Dollar / U.S. Dollar
391 1 5
Fed is on track to hike rates for the first time in almost a decade, while the RBA is expected to remain on hold and unlikely to make any adjustments to their outlook until at least February of next year - this exposes the downside in the pair

AUD/USD             pair fell yesterday on disappointing Australian Capex data which showed private capital expenditures contracted by 9.2% in Q3, after shrinking 3.3% in the previous quarter

On the day, the pair trades a modest 0.7214/33 range in Asia and was last at 0.7223 in holiday thinned trading (last nights US Thanksgiving holiday)

Daily price action has dipped back inside the daily cloud, Slow stochs are rolling over from overbought zone and also Wed's failure at 0.7283 upped downside risks

Support remains at the overnight low (0.7210) and further below at daily Tenkan by 0.7176, while topside looks capped at 0.7278 ( Trendline resistance)

Good to sell rallies around 0.7245, SL: 0.7290, TP: 0.7175

Resistance Levels:

R1: 0.7278 ( Trendline resistance)

R2: 0.7283 (Daily High Nov 25)

R3: 0.7297 (Daily High Oct 23)

Support Levels:

S1: 0.7210 (Nov 26 lows)

S2: 0.7199 (100 DMA)

S3: 0.7189 (10 DMA)
aud pointing deep downside.. 0.707..

Reply
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