Friday, October 16, 2026

Technicals

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AUD/USD trading around 0.77

0.7698 was Good Friday high, after NFP miss 0.7628 = subsequent low (late NY Tuesday) Ascent to 0.7711 spurred by unchanged RBA cash rate decision China plans to subsidise iron ore miners-paper Australia treasurer would …

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • 0.7698 was Good Friday high, after NFP miss

  • 0.7628 = subsequent low (late NY Tuesday)

  • Ascent to 0.7711 spurred by unchanged RBA cash rate decision

  • China plans to subsidise iron ore miners-paper

  • Australia treasurer would block a Glencore-Rio Tinto merger

 

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team