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Trend Direction Remains Down

AUDUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
  • RES 4: 0.6644 High Apr 9
  • RES 3: 0.6532 50-day EMA
  • RES 2: 0.6498 20-day EMA
  • RES 1: 0.6457 LHigh Apr 18
  • PRICE: 0.6436 @ 07:29 BST Apr 22
  • 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

The trend condition in AUDUSD remains bearish and the pair is trading closer to its recent lows. Key support at 0.6443, the Feb 13 low, has recently been cleared highlighting an important technical breach that confirms 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 0.6532, the 50-day EMA. Short-term gains would be considered corrective.

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  • RES 4: 0.6644 High Apr 9
  • RES 3: 0.6532 50-day EMA
  • RES 2: 0.6498 20-day EMA
  • RES 1: 0.6457 LHigh Apr 18
  • PRICE: 0.6436 @ 07:29 BST Apr 22
  • 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

The trend condition in AUDUSD remains bearish and the pair is trading closer to its recent lows. Key support at 0.6443, the Feb 13 low, has recently been cleared highlighting an important technical breach that confirms 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 0.6532, the 50-day EMA. Short-term gains would be considered corrective.