Free Trial

Key Support Remains Exposed

  • RES 4: 0.6861 50.0% retracement of the Feb 2 - Mar 10 bear leg
  • RES 3: 0.6824 High Feb 24
  • RES 2: 0.6772/0.6806 High Apr 20 / Apr 14
  • RES 1: 0.6698 20-day EMA
  • PRICE: 0.6607 @ 15:53 BST Apr 26
  • SUP 1: 0.6595 Low Apr 26
  • SUP 2: 0.6565 Low Mar 10
  • SUP 3: 0.6547 61.8% of the Oct - Feb bull cycle
  • SUP 4: 0.6500 Round number support

AUDUSD remains vulnerable and printed a lower low Wednesday. Support at 0.6620, the Apr 10 low has been breached and this exposes 0.6565, the Mar 10 low and bear trigger. A break would confirm a resumption of the downtrend that started Feb 2. On the upside, key resistance has been defined at 0.6806, the Apr 14 high. Clearance of this level would be seen as a bullish development.

MNI London Bureau | +44 203-865-3809 |

To read the full story



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.