Friday, October 16, 2026

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FxWirePro: AUD/USD struggles at 0.77 handle, bias higher

AUD/USD upside fails to gain traction, upside struggles at 0.77 handle. Technicals still hold bullish bias, bullish invalidation only below 20-DMA at 0.7628. Spinning top and Doji formation seen on daily charts, signifie…

By FxWirePro Team
1 min read
FxWirePro: AUD/USD struggles at 0.77 handle, bias higher
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  • AUD/USD upside fails to gain traction, upside struggles at 0.77 handle.
     
  • Technicals still hold bullish bias, bullish invalidation only below 20-DMA at 0.7628.
     
  • Spinning top and Doji formation seen on daily charts, signifies market indecision.
     
  • Major support levels - 0.7668 (5-DMA), 0.7652 (Nov 4 low), 0.7628 (20-DMA)
     
  • Major resistance levels - 0.77, 0.7725 (trendline), 0.7734 (Oct 20 high)
     
  • We had advised a long in our previous call (http://www.econotimes.com/FxWirePro-AUD-USD-upside-stalls-shy-of-077-handle-bias-higher-good-to-long-dips-384633).

  • Recommend holding for targets.
     

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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