Wednesday, November 11, 2026

Technicals

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FxWirePro: AUD/USD hits fresh trend low at 0.7200, under pressure as SHCOMP re-opens

Aussie tracking Chinese stocks rout while plummeting oil and base metals prices add to the persisting risk-off mood AUD/USD down 1.2% last on the day, currently trading at 0.7226, but losses on crosses edging over 2.0% P…

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

  • Aussie tracking Chinese stocks rout while plummeting oil and base metals prices add to the persisting risk-off mood 

  • AUD/USD down 1.2% last on the day, currently trading at 0.7226, but losses on crosses edging over 2.0%

  • Pair hit fresh trend low today at 0.7200, with next major line of support located at 0.7185 (Fibo 0.6007-1.1081)

  • Immediate resistance is seen at 0.7265 (Day's High), above which gains could be extended to 0.7312 (Aug 23 High) 

  • Overall momentum in the pair is bearish, price action is well below the cloud and Moving Averages, RSI and Stochs biased lower

  • With little data ahead in the day to provide direction markets will closely watch China market close 

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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