Start Trading Now

Your invested capital is at significant risk

AUD / USD Trading Outlook

Friday 29th July

AUD/USD traded below the key resistance level of 1.1000 in overnight trading and opened the way for further falls down to a low of 1.0968, which was another key level, taken out easily during the Asian trading session.  With consolidation taking place, further falls could be seen down to the next support of 1.0931.

Thursday 28th July

AUD/USD reversed off the big figure 1.1000 towards the end of the US session and was lifted overnight . The moves were pushed by a Terry McCrann article on a possible RBA OCR hike next week and NZD/USD strength. So far this morning the pair has come down from 1.1068 which is very near the 1.1081 resistance.

Important note: These technical and research reports are provided to easy-forex as a subscriber of third party providers. They are provided for informative purposes only and in no way can they be considered as a recommendation by easy-forex to you to engage in any trade. Hence, easy-forex shall not be held responsible for any outcome of trading decisions, in regards with these reports or similar reports. You hereby acknowledge that using the information entailed in these reports is at your sole responsibility and you will have no claims with regards to these reports against easy-forex. If you do not agree to this, you are strongly advised not to use these reports.