Friday, October 16, 2026

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FxWirePro: AUD/USD hits fresh session lows, strengthening US dollar weighs

Aussie extends its retreat from nine-day tops on the back of strengthening US dollar across the board. AUD/USD fails to close above 61.8% Fib at 0.7638, slipped to session lows of 0.7628. The pair finds major trendline s…

By FxWirePro Team
1 min read
FxWirePro: AUD/USD hits fresh session lows, strengthening US dollar weighs
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  • Aussie extends its retreat from nine-day tops on the back of strengthening US dollar across the board.
     
  • AUD/USD fails to close above 61.8% Fib at 0.7638, slipped to session lows of 0.7628.
     
  • The pair finds major trendline support at 0.7589, break below could see test of 20-DMA at 0.7565.
     
  • Our previous call (http://www.econotimes.com/FxWirePro-AUD-USD-upside-halts-at-618-Fib-break-above-targets-trendline-at-07710-312872) has hit TP1.
     
  • Major support levels - 0.76 (50% Fib), 0.7580 (50-DMA), 0.7563 (38.2% Fib), 0.7561 (20-DMA)
     
  • Major resistance levels - 0.7656 (Sept 9 high), 0.7676 (July 15 high), 0.77, 0.7710 (trendline)
     
  • Recommendation: We see scope for upside, book partial profits at highs, hold for 0.77/ 0.7710
     
  • Bullish invalidation below 0.76 levels
     

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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