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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: 0.6688 @ 16:08 GMT Nov 18
  • SUP 1: 0.6634/6578 Low Nov 17 / 11
  • SUP 2: 0.6551/0.6545 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. A short-term pullback would be considered corrective. The pair has recently breached 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 0.6634 and 0.6578, the Nov 17 and 11 lows respectively.

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  • 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: 0.6688 @ 16:08 GMT Nov 18
  • SUP 1: 0.6634/6578 Low Nov 17 / 11
  • SUP 2: 0.6551/0.6545 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. A short-term pullback would be considered corrective. The pair has recently breached 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 0.6634 and 0.6578, the Nov 17 and 11 lows respectively.