Daily Technical Analysis


AUD/USD, chart D1

Aussie under pressure in wake of increased odds of RBA easing after yesterday’s poor employment numbers.

Weakness across the commodities space also collaborates to the downbeat sentiment around the resource-linked AUD.

The pair ended six-day winning streak and dived sharply into negative territory yesterday.

AUD/USD is currently holding above 20-DMA at 0.7626, weakness confirmed on break below.

Techs on intraday charts have turned bearish, RSI and Stochs are biased lower.

Major support levels - 0.7626 (20-DMA), 0.76, 0.7581 (Oct 17 low)

Major resistance levels - 0.7654 (5-DMA), 0.77 (trendline), 0.7760 (Aug 11 high)

AUDUSD, сhart D1: