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FxWirePro: AUD/USD Daily Outlook

AUD/USD chart - Trading View 

  • AUD/USD rangebound in the Asian session. Aussie muted amid risk aversion.
     
  • Growing fears of slowdown in the U.S. as indicated by the inversion on the yield curve keep investors away from risk assets.
     
  • The pair has made an intraday high of 0.7082 and a low of 0.7065.
     
  • We have no clear indication of intraday direction from the technical indicators.
     
  • Major trend is definitely bearish. Price action extends downside in slopping channel.
     
  • Immediate support is seen at daily cloud base at 0.7069. Break below will see further weakness.
     
  • Stochastics RSI indicator is at overbought levels and on verge of rollover. Break below cloud will see downside till channel base.
     
  • Break above 20-DMA at 0.7086 finds next major resistance at 0.7165 (converged cloud and channel top).

Support levels - 0.7067 (cloud base), 0.7003 (Mar 8 low), 0.6965 (channel base)

Resistance levels - 0.7086 (20-DMA), 0.7126 (50-DMA), 0.7159 (100-DMA)

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

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2019-04-22 03:28:02
0m

April 22 03:30 UTC Released

THBased Trade Data

Actual

2 1.76

Forecast

1.28 1.76

Previous

4.03 1.76

April 22 03:30 UTC Released

THBased Import Data

Actual

-7.63 13.7

Forecast

-2.95 13.7

Previous

-10.03 13.7

January 31 00:00 UTC 642615642615m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 642615642615m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 654435654435m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 642615642615m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 654435654435m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 642615642615m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 642615642615m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 642615642615m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

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