Australian Greenback Outlook in AUD/USD, AUD/JPY, AUD/CAD, GBP/AUD

AUD/USD, AUD/JPY, AUD/CAD, GBP/AUD Technical Forecast

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AUD/USD Technical Evaluation

The Australian Greenback traded in a slender vary, failing to seek out significant progress in opposition to the US Greenback final week as US-China commerce battle fears waxed and waned. AUD/USD stays wedged between the 61.eight% and 38.2% Fibonacci retracements at zero.6769 and zero.6830 respectively. A each day shut beneath the previous opens the door to prolonging the breakout by means of rising assist from October – pink traces under.

Optimistic RSI divergence warns that draw back momentum is fading nevertheless. That might lead to one other bounce on assist as costs climb in direction of zero.6830. A push by means of this worth exposes zero.6868. On the flip facet, a draw back breakout paves the way in which for testing the 78.6% degree at zero.6726 on its method in direction of present 2019 lows.

AUD/USD Each day Chart

Daily AUDUSD Price Chart

Chart Created in TradingView

AUD/JPYTechnical Evaluation

A lot of the identical could possibly be stated when evaluating the Aussie to the Japanese Yen. AUD/JPY remains to be adhering to a Rising Wedge identified earlier this month. Costs are proper on the ground of the bearish chart sample the place a draw back breakout and each day shut beneath 73.35 opens the door to reversing the uptrend from late August. Optimistic RSI divergence is current right here as nicely although. Which will precede a bounce in direction of 74.48.

AUD/JPY Each day Chart

Australian Dollar Outlook in AUD/USD, AUD/JPY, AUD/CAD, GBP/AUD

Chart Created in TradingView

AUD/CADTechnical Outlook

AUD/CAD can be going through sideways worth motion, however it’s being guided cautiously increased by a near-term rising assist line from the start of October. Which will finally push the pair in direction of September and October highs, a psychological barrier between zero.9105 to zero.9144. In any other case, a each day shut beneath zero.8967 opens the door to revisiting October lows because the Canadian Greenback appreciates.

AUD/CAD Each day Chart

Australian Dollar Outlook in AUD/USD, AUD/JPY, AUD/CAD, GBP/AUD

Chart Created in TradingView

GBP/AUDTechnical Outlook

Issues are trying extra fascinating in GBP/AUD after the British Pound was as soon as once more unable to clear the important thing psychological barrier between 1.9012 and 1.9093. This has left behind acute adverse RSI divergence, exhibiting fading upside momentum. That might result in a prime as costs fall in direction of the November low at 1.8547. Control what could possibly be a possible rising assist line from October – red-dashed line under. In any other case, closing above resistance exposes the 50% Fibonacci extension at 1.9313.

GBP/AUD Each day Chart

Daily GBPAUD Price Chart

Chart Created in TradingView

FX Buying and selling Assets

— Written by Daniel Dubrovsky, Foreign money Analyst for

To contact Daniel, use the feedback part under or @ddubrovskyFX on Twitter

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