FOREX Technical Analysis: AUD/USD Reverses Sharply During US Trading

RELATED QUOTES

SymbolPriceChange
AUDUSD=X0.7685-0.0048

Daily Bars

FOREX_Technical_Analysis_AUDUSD_Reverses_Sharply_During_US_Trading_body_audusd.png, FOREX Technical Analysis: AUD/USD Reverses Sharply During US Trading

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: After coming within nearly 20 pips of the high (and our invalidation level), the AUD/USD sold off sharply. Price remains above the November low of 10329 of which a break would increase confidence in the downside towards 10275. Trendline support rests just below the current level but it’s best to stick with the idea that a top is in place as identified by a JS Spike on 11/7.

FOREXTrading Strategy: Don’t chase weakness in front of trendline support and the monthly low but if not already bearish, then you may wish to try on strength into 10400.

LEVELS: 10192 10275 10359 10400 10440 10480

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.

Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3742+0.0041+0.30%
    USDSGD=X
    1.4915-0.0002-0.01%
    EURSGD=X
    2.0363-0.0037-0.18%
    GBPSGD=X
    87.1442+0.1614+0.19%
    SGDJPY=X
    5.6424-0.0167-0.29%
    SGDHKD=X
    2.7067+0.0212+0.79%
    SGDMYR=X
    9,513.1777-28.4707-0.30%
    SGDIDR=X
    4.5162-0.0163-0.36%
    SGDCNY=X
    1.0560-0.0036-0.34%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,187.50-12.30-1.03%
    GCJ15.CMX
    16.78-0.29-1.69%
    SIK15.CMX
    67.73-0.66-0.97%
    ^XAU
    2.78+0.02+0.60%
    HGK15.CMX
    47.76-1.11-2.27%
    CLK15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.42-0.06
    ^FVX
    1.95-0.06
    ^TNX
    2.53-0.07
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.170.00+1.80%
    5GB.SI
    0.134+0.003+2.29%
    E13.SI
    0.2850.0000.00%
    5WA.SI
    0.144+0.003+2.13%
    5G9.SI
    0.77+0.02+3.36%
    Y92.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.18+0.02+13.92%
    M11.SI
    0.113+0.012+11.88%
    5MM.SI
    0.99+0.10+11.24%
    NC9.SI
    0.194+0.019+10.86%
    B69.SI
    0.22+0.02+10.00%
    5UF.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.089-0.021-19.09%
    5TN.SI
    0.335-0.050-12.99%
    5DS.SI
    0.112-0.015-11.81%
    5NV.SI
    0.123-0.016-11.51%
    P36.SI
    0.138-0.014-9.21%
    K2P.SI