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Remains Vulnerable

AUDUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 0.6630 High Aug 2
  • RES 3: 0.6616 High Aug 16
  • RES 2: 0.6522 High Aug 30 and Sep 1, and the key resistance
  • RES 1: 0.6402/6501 20-day EMA / High Sep 29
  • PRICE: 0.6356 @ 07:26 BST Oct 5
  • SUP 1: 0.6287 2.00 proj of the Jun 16 - Jun 29 - Jul 13 price swing
  • SUP 2: 0.6272 Low Nov 3 2022 and a key support
  • SUP 3: 0.6215 2.236 proj of the Jun 16 - Jun 29 - Jul 13 price swing
  • SUP 4: 0.6170 Low Oct 13 2022 and a key support

The AUDUSD remains bearish following this week’s breach of support at 0.6331, the Sep 27 low and a bear trigger. The move confirmed a range breakout and a resumption of the downtrend that started early February. This signals scope for 0.6215 next, a Fibonacci projection. On the upside, key trend resistance is at 0.6522, the Aug 30 and Sep 1 high. Initial resistance is at 0.6402, the 20-day EMA.

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  • RES 4: 0.6630 High Aug 2
  • RES 3: 0.6616 High Aug 16
  • RES 2: 0.6522 High Aug 30 and Sep 1, and the key resistance
  • RES 1: 0.6402/6501 20-day EMA / High Sep 29
  • PRICE: 0.6356 @ 07:26 BST Oct 5
  • SUP 1: 0.6287 2.00 proj of the Jun 16 - Jun 29 - Jul 13 price swing
  • SUP 2: 0.6272 Low Nov 3 2022 and a key support
  • SUP 3: 0.6215 2.236 proj of the Jun 16 - Jun 29 - Jul 13 price swing
  • SUP 4: 0.6170 Low Oct 13 2022 and a key support

The AUDUSD remains bearish following this week’s breach of support at 0.6331, the Sep 27 low and a bear trigger. The move confirmed a range breakout and a resumption of the downtrend that started early February. This signals scope for 0.6215 next, a Fibonacci projection. On the upside, key trend resistance is at 0.6522, the Aug 30 and Sep 1 high. Initial resistance is at 0.6402, the 20-day EMA.