Advertisement
Singapore markets close in 1 hour 46 minutes

  • Straits Times Index

    3,281.18
    -11.95 (-0.36%)
     

  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     

  • Hang Seng

    17,295.26
    +93.99 (+0.55%)
     

  • FTSE 100

    8,040.38
    0.00 (0.00%)
     

  • Bitcoin USD

    64,295.39
    -2,510.20 (-3.76%)
     

  • CMC Crypto 200

    1,389.96
    +7.39 (+0.53%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Gold

    2,333.10
    -5.30 (-0.23%)
     

  • Crude Oil

    83.04
    +0.23 (+0.28%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • FTSE Bursa Malaysia

    1,570.51
    -0.97 (-0.06%)
     

  • Jakarta Composite Index

    7,148.61
    -25.93 (-0.36%)
     

  • PSE Index

    6,574.88
    +2.13 (+0.03%)
     

AUD/USD .7860s May Provide Support

Jamie Saettele, CMT

DailyFX.com -

Daily

AUD/USD .7860s May Provide Support
AUD/USD .7860s May Provide Support

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-“AUDUSD continues to trade between well-defined slope lines but beware of a possible broadening bottom (very difficult pattern to trade). A break above the resistance line being tested right now would indicate an important change in market behavior.” The move completes a broadening bottom. Look towards .8295-.8375. Support may reside near .7860.

For more analysis and trade setups, visit SB Trade Desk


original source

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.