Thursday, October 15, 2026

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FxWirePro: AUD/USD hovers around 20-DMA, close below to confirm downside

Aussie under pressure in wake of increased odds of RBA easing after yesterday’s poor employment numbers. Weakness across the commodities space also collaborates to the downbeat sentiment around the resource-linked AUD. T…

By FxWirePro Team
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FxWirePro: AUD/USD hovers around 20-DMA, close below to confirm downside
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  • Aussie under pressure in wake of increased odds of RBA easing after yesterday’s poor employment numbers.
     
  • Weakness across the commodities space also collaborates to the downbeat sentiment around the resource-linked AUD.
     
  • The pair ended six-day winning streak and dived sharply into negative territory yesterday.
     
  • AUD/USD is currently holding above 20-DMA at 0.7626, weakness confirmed on break below.
     
  • Techs on intraday charts have turned bearish, RSI and Stochs are biased lower.
     
  • Major support levels -  0.7626 (20-DMA), 0.76, 0.7581 (Oct 17 low)
     
  • Major resistance levels - 0.7654 (5-DMA), 0.77 (trendline), 0.7760 (Aug 11 high)
     
  • Our previous call (http://www.econotimes.com/fxwirepro-aud-usd-tanks-after-poor-jobs-data-good-to-short-rallies-357651) has achieved TP1.
     
  • Recommend holding for targets.
     

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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