Friday, October 16, 2026

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FxWirePro: AUD/USD regains upwards momentum, 0.7275 a key barrier

The AUD/USD inched higher on Thursday, as commodities related currencies strengthened across the board after oil prices rose towards $50 per barrel. The pair hit high at 0.7245 in the early US session before retreating s…

By Keith Miller
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • The AUD/USD inched higher on Thursday, as commodities related currencies strengthened across the board after oil prices rose towards $50 per barrel.
     
  • The pair hit high at 0.7245 in the early US session before retreating slightly towards 0.7216 levels.
     
  • The currency pair is trading at 0.7230 levels, it is set to advance future towards 0.7270 and 0.7320 levels in the short term.
     
  • To the upside, the strong resistance can be seen at 0.7275, a break above this level would take the pair towards next resistance level at 0.7300.
     
  • To the downside immediate support can be seen at 0.7216, a break below this level will open the door towards next level at 0.7169.

    Resistance Levels

    R1: 0.7241 (Daily highs)

    R2: 0.7275 (23.6% Retracement level)

    R3: 0.7300 (Psychological levels)

    Support Levels

    S1: 0.7216 (38.2% Retracement level)

    S2: 0.7169 (50% Retracement level)

    S3: 0.7125 (61.8% Retracement level)

 

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By FxWirePro Team