Free Trial
AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

US TSYS

Cautious Risk Appetite Gains Momentum

AUDUSD TECHS

Key Support Still Exposed

US STOCKS

Late Equity Roundup: 2W Highs

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

Bearish Focus

AUDUSD TECHS
  • RES 4: 0.7661 High Apr 5 and key resistance
  • RES 3: 0.7593 Hgh Apr 6
  • RES 2: 0.7519 High Apr 7
  • RES 1: 0.7432/93 20-day EMA / Apr 12 high
  • PRICE: 0.7370 @ 15:41 BST Apr 19
  • SUP 1: 0.7343/40 Low Apr 18 / 50-DMA
  • SUP 2: 0.7282 76.4% retracement of the Mar 15 - Apr 5 climb
  • SUP 3: 0.7283 Low Mar 17
  • SUP 4: 0.7181 Low Mar 16

AUDUSD remains vulnerable near-term following the recent pullback from 0.7661, Apr 5 high. Yesterday’s move lower confirmed a bearish start to this week’s trading session. The pair has traded through both the 20- and 50-day EMAs, reinforcing current bearish conditions and signalling scope for an extension lower. The focus is on 0.7282, a Fibonacci retracement. On the upside, resistance is at 0.7493, Apr 12 high.

132 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: 0.7661 High Apr 5 and key resistance
  • RES 3: 0.7593 Hgh Apr 6
  • RES 2: 0.7519 High Apr 7
  • RES 1: 0.7432/93 20-day EMA / Apr 12 high
  • PRICE: 0.7370 @ 15:41 BST Apr 19
  • SUP 1: 0.7343/40 Low Apr 18 / 50-DMA
  • SUP 2: 0.7282 76.4% retracement of the Mar 15 - Apr 5 climb
  • SUP 3: 0.7283 Low Mar 17
  • SUP 4: 0.7181 Low Mar 16

AUDUSD remains vulnerable near-term following the recent pullback from 0.7661, Apr 5 high. Yesterday’s move lower confirmed a bearish start to this week’s trading session. The pair has traded through both the 20- and 50-day EMAs, reinforcing current bearish conditions and signalling scope for an extension lower. The focus is on 0.7282, a Fibonacci retracement. On the upside, resistance is at 0.7493, Apr 12 high.