Back

AUD/USD Technical Analysis: just can't seem to hold 0.74

  • The Aussie is steeply off the week's highs, back into familiar consolidation as the AUD struggles to find bids against the buoyant Greenback.
  • The upcoming RBA statement is unlikely to deliver much new material for markets, Aussie traders are at the mercy of broader risk sentiment.
  • With a range pattern set for eight weeks and counting, a hard break in either direction could trigger a new long-term trend.

AUD/USD Chart, 15-Minute

Spot rate:  0.7367
Relative change:  -0.08%
High:  0.7379
Low:  0.7364
   
Trend:  Bearish
   
Support 1:  0.7364 (current week low)
Support 2:  0.7347 (previous week low)
Support 3:  0.7317 (four week low)
   
Resistance 1:  0.7379 (current day high)
Resistance 2:  0.7400 (major technical level)
Resistance 3:  0.7452 (current week high)

 

USD/CNY fix projection: 6.8429 - Nomura

Analysts at Nomura offered their model's projection for today's fix in USD/CNY. Key Quotes: "Our model1 projects the fix to be 112 pips higher than
Baca selengkapnya Previous

Japan's Motegi holds trade talks with US, still prefers TPP deal - Reuters

As reported by Reuters, Japan's Economy Minister Toshimitsu Motegi had a "frank exchange" with US Trade Representative Robert Lighthizer, but Japan se
Baca selengkapnya Next