Trial now
GOLD TECHS

Positive Short-Term Tone

SEK

EURSEK... On the edge

WTI TECHS

(Z1) Holding Onto The Bulk Of Recent Gains

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 0.7591 61.8% of the May - Aug sell-off / High Jul 13
  • RES 3: 0.7534 High Jul 7
  • RES 2: 0.7499/7503 50.0% of the May - Aug sell-off / High Jul 13
  • RES 1: 0.7410/78 High Sep 10 / High Sep 3 and the bull trigger
  • PRICE: 0.7284 @ 16:26 BST Sep 16
  • SUP 1: 0.7274 Low Sep 16
  • SUP 2: 0.7248 61.8% retracement of the Aug 20 - Sep 3 rally
  • 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 is trading near recent lows following the corrective pullback from 0.7478, Sep 3 high. The pair has breached its 20-day EMA and a deeper pullback would open 0.7248, Fibonacci retracements. For bulls, 0.7478, the Sep 3 high, marks the trigger for a resumption of the upleg that started Aug 20. A break would open the 0.7499/7503 resistance zone and establish a bullish sequence of higher highs and higher lows.