Friday, October 16, 2026

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AUD/USD in stages of a renewed downtrend

Lower hourly highs & lows all day in Asia- off 60+ pts on USD strength Local stocks lower with risk - AXJ -0.66%, despite rise on Wall Street 5, 10 & 20 dma's crest - 20 day Bollinger's expand - momentum studies fall Ear…

By Meredith J C Warren
1 min read
AUD/USD in stages of a renewed downtrend
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  • Lower hourly highs & lows all day in Asia- off 60+ pts on USD strength

  • Local stocks lower with risk - AXJ -0.66%, despite rise on Wall Street

  • 5, 10 & 20 dma's crest - 20 day Bollinger's expand - momentum studies fall

  • Early days but a trending setup targets 0.7627 2015 low

  • Initial support/resistance are 0.7644 Feb 12th low & earlier 0.7707 high

 

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By FxWirePro Team