Free Trial

Heading North

AUDUSD TECHS
  • RES 4: 0.6956 High Aug 30
  • RES 3: 0.6909 76.4% retracement of the Aug 11 - Oct 13 downleg
  • RES 2: 0.6800 Round number resistance
  • RES 1: 0.6797 High Nov 15
  • PRICE: 0.6658 @ 15:21 GMT Nov 17
  • SUP 1: 0.6634/6578 Low Nov 17 / 11
  • SUP 2: 0.6546/0.6530 50-day EMA / 20-day EMA
  • SUP 3: 0.6387 Low Nov 10
  • SUP 4: 0.6272 Low Nov 3 and a key support

AUDUSD conditions remain bullish and this week’s move higher has reinforced current conditions. The pair has recently cleared 0.6768, the 61.8% retracement of the Aug 11 - Oct 13 downleg. The break opens the 0.6800 handle next. Firm short-term support has been defined at 0.6387, the Nov 10 low. Initial support lies at 0.6663 and 0.6578, the Nov 14 and 11 lows respectively.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.