Free Trial

Trend Outlook Remains Bullish

  • RES 4: 0.6747 76.4% retracement of the Jul 13 - Oct 26 bear leg
  • RES 3: 0.6723 High Aug 1
  • RES 2: 0.6697 2.0% 10-dma envelope
  • RES 1: 0.6676 High Nov 29
  • PRICE: 0.6618 @ 16:34 GMT Nov 30
  • SUP 1: 0.6516 20-day EMA
  • SUP 2: 0.6466 50-day EMA
  • SUP 3: 0.6339 Low Nov 10
  • SUP 4:0.6315 Low Oct 31

The current uptrend in AUDUSD remains intact for now. This week’s rally has reinforced the bullish significance of the recent break of resistance at 0.6522, the Aug 30 and Sep 1 high. Price has also breached 0.6656, the 61.8% retracement of the Jul 13 - Oct 26 bear leg. This signals scope for an extension towards 0.6697, the 2.0% 10-dma envelope. On the downside, firm support is seen at 0.6516, the 20-day EMA.

MNI London Bureau | +44 203-865-3809 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.