Thursday, October 15, 2026

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FxWirePro: AUD/USD rejected at highs, slips below 0.75 handle, bias lower

AUD/USD rejected at session high by 0.75, slips below the 0.75 handle to currently trade around 0.7495. Aussie extends weakness after Australian government revised its 2016 and 2017 iron ore price forecasts lower. AUD/US…

By FxWire Pro
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FxWirePro: AUD/USD rejected at highs, slips below 0.75 handle, bias lower
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  • AUD/USD rejected at session high by 0.75, slips below the 0.75 handle to currently trade around 0.7495.
     
  • Aussie extends weakness after Australian government revised its 2016 and 2017 iron ore price forecasts lower.
     
  • AUD/USD finds strong support at 0.7485 which is hourly cloud top and rising trendline.
     
  • Break below 0.7485 will see weakness upto 0.7455 and the 0.7430 levels.
     
  • On the flipside break above 0.7511 will find next hurdle at 0.7525, 0.7538 and then 0.7545 levels.
     
  • The incumbent government led by Malcolm Turnbull is very close from securing a majority government, however, it is still a close call. 
     
  • Mr. Turnbull’s governing coalition has secured 73 seats, 3 short of securing a majority government. 
     
  • On the weekly charts, the pair likely to continue its upward grind. We see scope for test of 0.77 in the weeks ahead.
     

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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