Wednesday, November 11, 2026

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FxWirePro: AUD/USD bounces off 0.7000, quiet Asian equity markets support

AUD/USD was down around 70 pips after weak retail sales data, testing the 0.7000 handle The pair failed to break below and a swift bounce ensued, taking the pair to 0.7020 levels AUD/USD is being supported by quiet Asian…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

  • AUD/USD was down around 70 pips after weak retail sales data, testing the 0.7000 handle

  • The pair failed to break below and a swift bounce ensued, taking the pair to 0.7020 levels

  • AUD/USD is being supported by quiet Asian equity markets with holiday in China 

  • Long-term bear trend intact, hourlies point lower, selling rallies towards 0.7157 (10-Day MA) favored
  • The pair is currently trading at 0.7018, with immediate resistance at 0.7048 (Session High Sept 2) and support at 0.6982 (Session Low Sept 2)

Resistance Levels:

R1: 0.7048 (Session High Sept 2)

R2: 0.7155 (Session High Sept 1)

R3: 0.7157 (10-Day MA)

Support Levels:

S1: 0.6982 (Session Low Sept 2)

S2: 0.6950 (Daily Low Apr 20 2009)

S3: 0.6855 (Daily Low Apr 1 2009)

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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