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Southbound

AUDUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
  • RES 4: 0.6644 High Apr 9
  • RES 3: 0.6537 50-day EMA
  • RES 2: 0.6507 20-day EMA
  • RES 1: 0.6481 Low Apr 1 and a recent breakout level
  • PRICE: 0.6424 @ 16:39 BST Apr 19
  • SUP 1: 0.6363 Low Apr 19
  • SUP 2: 0.6339 Low Nov 10 and a key support
  • SUP 3: 0.6315 Low Oct 31 ‘23
  • SUP 4: 0.6270 Low Oct 26 ‘23 and a key support

AUDUSD remains vulnerable and the pair traded to a fresh trend low Friday. Key support at 0.6443, the Feb 13 low, has recently been cleared highlighting an important technical breach that has confirmed a resumption of the downtrend that started late December last year. Scope is seen for an extension towards 0.6339, the Nov 10 ‘23 low. Firm resistance is seen at 0.6537, the 50-day EMA. Short-term gains are considered corrective.

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  • RES 4: 0.6644 High Apr 9
  • RES 3: 0.6537 50-day EMA
  • RES 2: 0.6507 20-day EMA
  • RES 1: 0.6481 Low Apr 1 and a recent breakout level
  • PRICE: 0.6424 @ 16:39 BST Apr 19
  • SUP 1: 0.6363 Low Apr 19
  • SUP 2: 0.6339 Low Nov 10 and a key support
  • SUP 3: 0.6315 Low Oct 31 ‘23
  • SUP 4: 0.6270 Low Oct 26 ‘23 and a key support

AUDUSD remains vulnerable and the pair traded to a fresh trend low Friday. Key support at 0.6443, the Feb 13 low, has recently been cleared highlighting an important technical breach that has confirmed a resumption of the downtrend that started late December last year. Scope is seen for an extension towards 0.6339, the Nov 10 ‘23 low. Firm resistance is seen at 0.6537, the 50-day EMA. Short-term gains are considered corrective.