Trial now
CORN TECHS

(Z1) Corrective Bounce Still In Play

CANADA

ELECTION WATCH

EUROZONE T-BILL ISSUANCE

Bill Supply For W/C Sep 20, 2021

FOREX

Exchange traded option

US EURODLR FUTURES

BLOCK, Old Green-Pack

US EURODLR OPTIONS

Mudcurve Call Fly Buy

Sign up now for free access to this content.

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

  • RES 4: 0.7534 High Jul 7
  • RES 3: 0.7503 High Ju13
  • RES 2: 0.7447 20-day EMA
  • RES 1: 0.7429 High Jul 19
  • PRICE: 0.7386 @ 16:54 BST Jul 26
  • SUP 2: 0.7290 Low Jul 21
  • SUP 3: 0.7284/53 Low Nov 24, 2020 / 2.0% 10-dma envelope
  • SUP 3: 0.7235 1.382 proj of Feb 25 - Apr 1 - May 10 price swing
  • SUP 4: 0.7222 Low Nov 13, 2020

The AUDUSD outlook is bearish. This follows the recent breach of a channel drawn from the Feb 25 high and despite the fact that price bounced back into the channel area, the move lower marks an important short-term technical break. Scope is for weakness towards 0.7235 next, a 1.236 projection of the Feb 25 - Apr 1 - May 10 price swing. On the upside, initial resistance to watch is at 0.7429, Jul 19 high.