Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: AUD/USD dips on rate outlook, bias is bearish

Australian dollar initially inched higher towards 0.7368 but fell back on renewed weakness. Currently the pair is approaching to test support level at 0.7317. Further upside is expected to be limited as the pair finds st…

By Keith Miller
1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • Australian dollar initially inched higher towards 0.7368 but fell back on renewed weakness.
     
  • Currently the pair is approaching to test support level at 0.7317. 
     
  • Further upside is expected to be limited as the pair finds strong resistance at 0.7394 which should limit upside and bring decline towards lower side. 
     
  • To the upside, the strong resistance can be seen at 0.7394, a break above this level would take the pair towards next resistance level at 0.7446.
     
  • To the downside immediate support can be seen at 0.7317, a break below this level will open the door towards next level at 0.7271.

    Resistance Levels

    R1: 0.7355 (50% Retracement level)  

    R2: 0.7394 (61.8% Retracement level)

    R3: 0.7446 (March 4th high)

    Support Levels

    S1: 0.7317 (38.2% Retracement level)

    S2: 0.7271 (23.6% Retracement level)

    S3: 0.7240 (Feb 27th high)

 

 

Related articles

View all
Technicals

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