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Approaching Support

AUDUSD TECHS
  • RES 4: 0.7202 High Jun 9
  • RES 3: 0.7138 High Jun 10
  • RES 2: 0.7075 50-day EMA
  • RES 1: 0.6987/7069 20-day EMA / High Jun 16
  • PRICE: 0.6885 @ 06:45 BST Jun 30
  • SUP 1: 0.6851 Low Jun 14
  • SUP 2: 0.6829 Low May 12 and the bear trigger
  • SUP 3: 0.6805 Low Jun 22 2020
  • SUP 4: 0.6647 0.764 proj of the Apr 5 - May 12 - Jun 3 price swing

AUDUSD is trading closer to its recent lows and sights are on support at 0.6851, the Jun 14 low. Trend signals remain bearish and an extension lower would signal scope for a test of the key support and bear trigger at 0.6829, May 12 low. Clearance of this support would confirm a resumption of the downtrend and open 0.6805, the Jun 22 2020 low. On the upside, 0.7069, Jun 16 high, remains the key short-term resistance.

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  • RES 4: 0.7202 High Jun 9
  • RES 3: 0.7138 High Jun 10
  • RES 2: 0.7075 50-day EMA
  • RES 1: 0.6987/7069 20-day EMA / High Jun 16
  • PRICE: 0.6885 @ 06:45 BST Jun 30
  • SUP 1: 0.6851 Low Jun 14
  • SUP 2: 0.6829 Low May 12 and the bear trigger
  • SUP 3: 0.6805 Low Jun 22 2020
  • SUP 4: 0.6647 0.764 proj of the Apr 5 - May 12 - Jun 3 price swing

AUDUSD is trading closer to its recent lows and sights are on support at 0.6851, the Jun 14 low. Trend signals remain bearish and an extension lower would signal scope for a test of the key support and bear trigger at 0.6829, May 12 low. Clearance of this support would confirm a resumption of the downtrend and open 0.6805, the Jun 22 2020 low. On the upside, 0.7069, Jun 16 high, remains the key short-term resistance.