Thursday, October 15, 2026

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FxWirePro: AUD/USD slips below 0.71 handle, good to sell rallies

Risk-off in early Asian trades along with RBA Edward's comments knocked-off the AUD/USD pair below key 0.71 handle. Edward talked down the domestic currency, noting that he would be more comfortable with AUD/USD at 0.65.…

By Jay L. Zagorsky
1 min read
FxWirePro: AUD/USD slips below 0.71 handle, good to sell rallies
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Risk-off in early Asian trades along with RBA Edward's comments knocked-off the AUD/USD pair below key 0.71 handle.

  • Edward talked down the domestic currency, noting that he would be more comfortable with AUD/USD at 0.65.
     
  • The pair is extending downside after poor Australia jobs data yesterday.
     
  • Price action has now slipped below the daily cloud, daily Stochs and RSI have turned lower.
     
  • Immediate support on the downside is located at 0.7084 (Feb 17 lows), while immediate resistance is seen at 0.7148 (cloud top).
     

Recommendation: Good to sell rallies around 0.7120 levels, SL: 0.72, TP: 0.7085/0.7040/0.70

 

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By FxWirePro Team