AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

AUD Analysis and Talking Points

  • AUDUSD | Eyeing Test of Key Resistance
  • AUDJPY | Little Signs of Near-Term Breakout
  • AUDNZD | Bearish Momentum Indicators Moderating

See our Q4 FX forecast to learn what will drive the currency throughout the rest of the year.

AUDUSD | Eyeing Test of Key Resistance

Buyers at the 100DMA keeps AUDUSD elevated with the pair eyeing a move back towards the 0.7300 handle. However, key resistance is situated at the 0.7330 level, which marks the 61.8 Fibonacci retracement of the 0.6827-0.8142 rise. A break above 0.7330 opens room for a test towards the 0.7400 handle. Alongside this, momentum indicators are beginning to suggest that more upside is in store for the pair.

AUDUSD PRICE CHART: Daily Time Frame (Feb – Nov 2018)

AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

Chart by IG

AUDJPY | Little Signs of Near-Term Breakout

The cross has extended on its gains above 82.00 and the 200DMA, as such, this has increased scope for a move towards the Nov 15th (82.90) and Nov 8th (83.05), which

Article source: https://www.dailyfx.com/forex/technical/article/currency_crosses/2018/11/26/AUD-Technical-Analysis-Overview-AUDUSD-AUDJPY-AUDNZD.html