Thursday, October 15, 2026

Technicals

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FxWirePro: AUD/USD gains some upside momentum but still bearish

The AUD/USD pair inched higher in the US session as the pair got a lift from mixed US economic data. The Aussie weakened during the Asian and European sessions, but rose in the US session after the release of US economic…

By FxWirePro Team
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • The AUD/USD pair inched higher in the US session as the pair got a lift from mixed US economic data.
     
  • The Aussie weakened during the Asian and European sessions, but rose in the US session after the release of US economic data.
     
  • Currently, the currency pair is trading around 0.7506 levels, it is set to decline further towards 0.7450 and later towards 0.7400 levels in the short term.
     
  • Strong support can be seen at 0.7438, a break below this level will expose the pair towards next support level located at 0.7400.
     
  • Major resistance can be seen at 0.7575, a break above this level will open the gates towards 0.7635 levels.

    Resistance Levels

    R1: 0.7513 (38.2% Retracement Level)

    R2: 0.7575 (50% Retracement Level)

    R3: 0.7635 (61.8% Retracement Level

    Support Levels

    S1: 0.7438 (38.2 % Retracement Level)

    S2: 0.7400 (Psychological levels)

    S3: 0.7330 (June 30th lows)

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By FxWirePro Team