Thursday, October 15, 2026

Technicals

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Aussie falls against US dollar, employment data in focus

Pair is currently supported below $0.71 level. It made intraday high at $0.7120 and low at $0.7084 levels. Intraday bias remains bearish for the moment. Corrective rebound from $0.6826 should have completed at 0.7241 alr…

By Earlence Fernandes
1 min read
Aussie falls against US dollar, employment data in focus
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  • Pair is currently supported below $0.71 level.
     
  • It made intraday high at $0.7120 and low at $0.7084 levels.
     
  • Intraday bias remains bearish for the moment.
     
  • Corrective rebound from $0.6826 should have completed at 0.7241 already.
     
  • On the top side, a daily close above $0.7181 is required to confirm the bullish trend.
     
  • Strong resistance falls at $0.7384 marks and key support falls at $0.6826 levels.

We prefer to take short position in AUD/USD around $0.71, stop loss $0.7181 and target $0.6912/$0.6826 thereafter.

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By FxWirePro Team