Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

AUD/USD Remains In Uptrend From 0.8660

Published 02/07/2014, 12:05 AM
Updated 07/09/2023, 06:31 AM


The AUD/USD remains in an uptrend from 0.8660. A further rise could be expected after a minor consolidation, and the next target would be at 0.9040 area. Key resistance is at 0.9085, as long as this level holds, the price action from 0.8820 (Dec 18, 2013 low) could be treated as a consolidation of the longer term downtrend from 0.9756 (Oct 23, 2013 high), another fall towards 0.8500 is still possible after consolidation. On the upside, a break above 0.9085 resistance will indicate that the downtrend from 0.9756 is complete, then the following upward movement could bring the price to the 0.9600 zone.
<span class=AUD/USD Hour Chart" title="AUD/USD Hour Chart" width="400" height="300">

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.