Thursday, October 15, 2026

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FxWirePro: AUD/USD recovers gap down open, bearish trend firmly in place

AUD/USD has recovered the opening downside gap but bearish trend in the pair firmly in place. Poor Chinese data over the weekend weighed heavily on the pair, AUD/USD hit session lows at 0.7244. AUD/USD currently trading …

By FxWire Pro
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FxWirePro: AUD/USD recovers gap down open, bearish trend firmly in place
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  • AUD/USD has recovered the opening downside gap but bearish trend in the pair firmly in place.
     
  • Poor Chinese data over the weekend weighed heavily on the pair, AUD/USD hit session lows at 0.7244.
     
  • AUD/USD currently trading at 0.7289, after hitting a session/day high of 0.7293.
     
  • Strong US data on Friday (retail sales and consumer sentiment soared) along with Tuesday's upcoming RBA minutes, should cap the upside.
     
  • Price action has broken below the daily cloud and 50% Fib retrace of Jan to Apr rally.
     
  • Strong support is seen at 0.7212 which is 61.8% Fib retrace of Jan to Apr rally, breaks below could see weakness to 0.71 levels.
     
  • On the upside immediate resistance is seen at 0.73, then at 0.7323 (5-DMA) and 0.7331 (50% Fib).
     

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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