United States  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

AUD/USD Technical Analysis: Tucking into fresh weekly lows near 0.7060 as bearish trendline remains

FXstreet.com Tuesday, 23 October 2018
*The last twenty-four hours* have been poor to the AUD/USD, with the Aussie slipping back down after rejecting off of a descending trendline, formed off of last Friday's peak at 0.7150, a major consolidation and resistance zone.


*The past week* has seen the AUD/USD accelerate its bearish stance, declining outside the low end of the pair's declining channel, and the lower boundary could turn into a key resistance level.

*AUD/USD, M30*

The AUD/USD has seen a bearish lean* in the past month *as well, declining into a short side trendline break from 0.7090, and the pair could remain constrained near the last swing low near 0.7050 unless bears gather enough momentum to break the Aussie into a fresh 2018 low.



Overview:   Last Price: 0.7073   Daily change: -8.0 pips   Daily change: -0.113%   Daily Open: 0.7081
Trends:   Daily SMA20: 0.7137   Daily SMA50: 0.72   Daily SMA100: 0.7314   Daily SMA200: 0.7531
Levels:   Daily High: 0.7128   Daily Low: 0.7076   Weekly High: 0.7161   Weekly Low: 0.7089   Monthly High: 0.7316   Monthly Low: 0.7085   Daily Fibonacci 38.2%: 0.7095   Daily Fibonacci 61.8%: 0.7108   Daily Pivot Point S1: 0.7062   Daily Pivot Point S2: 0.7043   Daily Pivot Point S3: 0.701   Daily Pivot Point R1: 0.7114   Daily Pivot Point R2: 0.7147   Daily Pivot Point R3: 0.7166

You Might Like

Recent related news from verified sources

USD/JPY technical analysis: Drops to fresh weekly lows, eyeing 108.00 mark ahead of US CPI

Read more on https://www.fxstreet.com

Other recent news in Markets

Zcash Rolls Out New Software Client to Bolster Network HEALTHWas Warren Buffett Right to Bail on CANADA’s Housing Market?
Sticky BUSINESS: How Companies Keep Their CustomersAlibaba proposes stock split ahead of HONG KONG listing
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.