Thursday, October 15, 2026

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FxWirePro: AUD/USD retraces some of last week's losses, overall bias negative

AUD/USD dived to 0.7259, its lowest level in over six years last week Oil and gold traded sharply lower on speculation of Fed hike as soon as next Sept, weighing heavily on commodity currencies The pair retraced some of …

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • AUD/USD dived to 0.7259, its lowest level in over six years last week 

  • Oil and gold traded sharply lower on speculation of Fed hike as soon as next Sept, weighing heavily on commodity currencies

  • The pair retraced some of last week's losses and edged higher in Asia, towards 0.73 barrier

  • At the time of writing, AUD/USD pair trades marginally higher at 0.7293, with immediate resistance at 0.7310 (4h Tenkan-Sen)

  • Supports on the downside are located at 0.7269 (2015 Low Jul 24) and then at 0.7260 (Daily Low Jul 24)

Recommendation: Good to short rallies, Entry: 0.7300 levels, SL: 0.7350, TP: 0.7260

Resistance Levels:

R3: 0.7400 (Psychological Level)

R2: 0.7362 (Daily High Jul 24)

R1: 0.7340 (Upper 21-h Bolli)

Support levels:

S1: 0.7269 (2015 Low Jul 24)

S2: 0.7260 (Daily Low Jul 24)

S3: 0.7241 (Daily Low May 1 2009)

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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

By FxWirePro Team