Free Trial
USDCAD TECHS

Trend Outlook Is Bullish

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Trades Through Support

AUDUSD TECHS
  • RES 4: 0.7593 High Apr 6
  • RES 3: 0.7519 High Apr 7
  • RES 2: 0.7493 Apr 12 high and key intraday resistance
  • RES 1: 0.7458, High Apr 20/21
  • PRICE: 0.7255 @ 16:56 BST Apr 22
  • SUP 1: 0.7249 Low Apr 22
  • SUP 2: 0.7246 2.0% 10-dma envelope
  • SUP 3: 0.7181 Low Mar 16
  • SUP 4: 0.7165 Low Mar 15 and key support

AUDUSD is trading lower and solidly breached initial support at 0.7343, Apr 18 low. The break means the pair is back below the 50-day EMA - a bearish development - signalling scope for a deeper pullback over the near-term. This has opened 0.7246, the 2.0% 10-dma envelope. On the upside, initial firm resistance has been defined at 0.7458, the Apr 20/21 high. A breach would ease the current bearish threat.

128 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 0.7593 High Apr 6
  • RES 3: 0.7519 High Apr 7
  • RES 2: 0.7493 Apr 12 high and key intraday resistance
  • RES 1: 0.7458, High Apr 20/21
  • PRICE: 0.7255 @ 16:56 BST Apr 22
  • SUP 1: 0.7249 Low Apr 22
  • SUP 2: 0.7246 2.0% 10-dma envelope
  • SUP 3: 0.7181 Low Mar 16
  • SUP 4: 0.7165 Low Mar 15 and key support

AUDUSD is trading lower and solidly breached initial support at 0.7343, Apr 18 low. The break means the pair is back below the 50-day EMA - a bearish development - signalling scope for a deeper pullback over the near-term. This has opened 0.7246, the 2.0% 10-dma envelope. On the upside, initial firm resistance has been defined at 0.7458, the Apr 20/21 high. A breach would ease the current bearish threat.