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Trading Closer To Its Recent Lows

AUDUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
  • RES 4: 0.6702 High Jul 22
  • RES 3: 0.6635 50-day EMA
  • RES 2: 0.6620 Low Jun 28
  • RES 1: 0.6583 High Jul 25
  • PRICE: 0.6525 @ 07:53 BST Aug 2
  • SUP 1: 0.6480 Low Jul 31
  • SUP 2: 0.6466 76.4% retracement of the Apr 19 - Jul 11 bull phase
  • SUP 3: 0.6441 Low Apr 23
  • SUP 4: 0.6407 Low Apr 22

A bearish theme is AUDUSD remains intact and the pair is trading closer to its latest lows. Recent weakness has resulted in a break of support at 0.6576, the Jun 10 low. This paves the way for a move towards 0.6466, a Fibonacci retracement point. From a near-term perspective, the short-term trend is oversold. A recovery would allow this condition to unwind. Key short-term resistance is seen at 0.6635, the 50-day EMA.

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  • RES 4: 0.6702 High Jul 22
  • RES 3: 0.6635 50-day EMA
  • RES 2: 0.6620 Low Jun 28
  • RES 1: 0.6583 High Jul 25
  • PRICE: 0.6525 @ 07:53 BST Aug 2
  • SUP 1: 0.6480 Low Jul 31
  • SUP 2: 0.6466 76.4% retracement of the Apr 19 - Jul 11 bull phase
  • SUP 3: 0.6441 Low Apr 23
  • SUP 4: 0.6407 Low Apr 22

A bearish theme is AUDUSD remains intact and the pair is trading closer to its latest lows. Recent weakness has resulted in a break of support at 0.6576, the Jun 10 low. This paves the way for a move towards 0.6466, a Fibonacci retracement point. From a near-term perspective, the short-term trend is oversold. A recovery would allow this condition to unwind. Key short-term resistance is seen at 0.6635, the 50-day EMA.