Find the bottom of AUDUSD

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The Australian Dollar trades around 0.6500 on Wednesday. The daily chart analysis shows that the AUD/USD pair has broken below a descending channel. The 14-day Relative Strength Index (RSI) is hovering near the oversold 30 level, indicating a potential upward correction soon.

Immediate support for the AUD/USD pair is around the throwback support around the 0.6470 level.

On the upside, key resistance is around the “throwback support turned resistance” at 0.6575, aligned with the nine-day Exponential Moving Average (EMA) at 0.6581. A break above this level could lead the AUD/USD pair to test the psychological level of 0.6600, with a potential aim for a six-month high of 0.6798.

BUY NZDUSD zone 0.59100-0.58900
↠  Stoploss 0.58700

→ Take Profit 1 0.59400
→ Take Profit 2 0.60100

31 thg 7

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+ 30 pips for Plaan BUY

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+ 50 pips wonderful profit

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+ 100 pips running

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AUD/USD attempts a tepid bounce above 0.6500 after hot Aussie PPI inflation
AUD/USD is back above 0.6500 after finding fresh demand on hot Australian Producer Price Index (PPI) inflation data. The pair also benefits from a pause in the US Dollar upswing but the further upside could be capped amid broad risk-aversion and ahead of US payrolls data.

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AUD/USD trims losses to retake 0.6500 after upbeat China's Caixin Services PMI
AUD/USD is recovering losses to retake 0.6500 in the Asian session on Monday. The pair finds fresh demand from upbeat China's Caixin Services PMI for July, which outweighs rife Middle East geopolitical tensions and US economic woes. Focus shifts to US ISM PMI.