Search ForexCrunch
  • AUD/USD is trading in a bear trend below the 100-period simple moving average.
  • AUD/USD found strong support after the market reached a new yearly low.  
  • Bulls objective is to reach 0.7100 where is the 50 and 100 SMA. A break of 0.7100 would open the gates to 0.7144 (September 5 low).  

AUD/USD 4-hour chart

Spot rate:                 0.7064
Relative change:      -0.24%      
High:                        0.7084
Low:                         0.7020

Main trend:              Bearish
Short-term:              Bullish

Resistance 1:          0.7085, September 11 low
Resistance 2:          0.7100 figure
Resistance 3:          0.7144 September 5 low
Resistance 4:          0.7174-0.7200 zone, 200 SMA (4H) and August 15 low
Resistance 5:          0.7300 figure

Support 1:               0.7050 figure
Support 2:               0.7041 key support/resistance
Support 3:               0.7000 figure
Support 4:               0.6830 January 15, 2016 low