Technicals

Add as a preferred source on Google

FxWirePro: AUD/USD holds 100-DMA support at 0.7587, break below could see further drag

AUD/USD was down over 2% on the day, but has recovered from session lows at 0.7579 to currently trade around 0.7618 levels. Heightened prospects of Trump victory triggered a wave of risk aversion across markets weighing …

1 min read
FxWirePro: AUD/USD holds 100-DMA support at 0.7587, break below could see further drag
Image from the original EconoTimes article

Read the original article

  • AUD/USD was down over 2% on the day, but has recovered from session lows at 0.7579 to currently trade around 0.7618 levels.
     
  • Heightened prospects of Trump victory triggered a wave of risk aversion across markets weighing on Aussie and other risk currencies.
     
  • The pair has managed to hold 100-DMA support at 0.7587, weakness only on close below.
     
  • Break below 100-DMA could see further drag, test of 200-DMA then likely.
     
  • On the flipside, close above 20-DMA could see retrace to trendline at 0.7770.
     
  • Major support levels - 0.7587 (100-DMA), 0.7565 (trendline), 0.7534 (Sept 21 & Oct 12 low), 0.75 (200-DMA)
     
  • Major resistance levels - 0.7644 (20-DMA), 0.7688, 0.77 (Oct 26 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