Trial now
ASIA

Coming up in the Asia-Pac session on Tuesday:

MNI

Coming up in the Asia-Pac session on Tuesday:

US OUTLOOK/OPINION

GS: Payrolls Doesn't Change Faster Taper & First Hike In June Call

USDCAD TECHS

Bull Theme Remains Intact

US TSYS

Strong Stocks, Rebound for Oil Weighs on Tsys

EURJPY TECHS

Trend Signals Still Point South

Approaching The Next Resistance

AUDUSD TECHS
  • RES 4: 0.7534 High Jul 7
  • RES 3: 0.7499 50.0% retracement of the May - Aug sell-off
  • RES 2: 0.7487 High Jul 15
  • RES 1: 0.7478 High Sep 3
  • PRICE: 0.7447 @ 17:28 BST Sep 3
  • SUP 1: 0.7312 20-day EMA
  • SUP 2: 0.7285 Low Aug 30
  • SUP 3: 0.7222/7106 Low Aug 27 / Low Aug 20 and the bear trigger
  • SUP 4: 0.7053 38.2% retracement of the Mar '20 - Feb uptrend

AUDUSD continues to climb and now sits solidly above the 50-day EMA. A clear break of this average signals scope for a stronger bullish retracement with attention on 0.7487, the Jul 15 high and a key near-term resistance. Clearance of this hurdle would strengthen bullish conditions. On the downside, key support to watch is at 0.7222, Aug 27 low. A break would signal a reversal. Initial support is at 0.7312, the 20-day EMA.