Forex Review Online
No Result
View All Result
  • Home
  • Crypto
  • Education
  • News
start trading today
  • Home
  • Crypto
  • Education
  • News
No Result
View All Result
Forex Review Online
No Result
View All Result
Home ANALYSIS

AUDUSD gets hit and looks at toward the double bottom near 0.73155

A.R Chowdhury by A.R Chowdhury
August 17, 2021
Reading Time: 2 mins read
0

Covid, China growth, risk off sentiment hurting the AUDUSD

The AUDUSD is getting hit on the back of Covid, China growth, risk off sentiment as US stocks moved to new session lows.  

Covid, China growth, risk off sentiment hurting the AUDUSD

The pair trades to a new session low of 0.73188 in the last few minutes of trading. That is just above the swing lows from July 28 at 0.73163 and the low from last week’s trading at 0.73155 (close enough for a double bottom).  

A move below those levels would likely see further selling momentum. 

Watch the 0.73276 to a 0.73306 now as a close resistance area intraday (see green numbered circles in yellow area). That area is home to a number of swing levels going back to July 26.  

In the last hourly bar, the price traded above and below the area as buyers reacted to the low near the double bottom.  The pairs prices back below the area and if the sellers lean this time, it could be a “tell” that the double bottom is in jeopardy.  Failure again and more dip buyers may start to dip a toe in the water (at least intraday).  

  • Dow -205 points
  • S&P -22 points
  • NASDAQ index trading near session lows at -127 points (-0.86%)

Invest in yourself. See our forex education hub.

Source link

RELATED POSTS

EURGBP erases gains and returns to a familiar bias defining level

New highs for US stocks. The Nasdaq continues to lead

USDJPY has 3 key technical levels that have stalled the rally higher today

ShareTweetPin
A.R Chowdhury

A.R Chowdhury

Related Posts

EURGBP erases gains and returns to a familiar bias defining level
ANALYSIS

EURGBP erases gains and returns to a familiar bias defining level

August 14, 2022
New highs for US stocks. The Nasdaq continues to lead
ANALYSIS

New highs for US stocks. The Nasdaq continues to lead

August 14, 2022
USDJPY has 3 key technical levels that have stalled the rally higher today
ANALYSIS

USDJPY has 3 key technical levels that have stalled the rally higher today

August 14, 2022
WTI crude oil futures settle at $92.09
ANALYSIS

WTI crude oil futures settle at $92.09

August 14, 2022
Bitcoin technical analysis, bulls might be giving up soon
ANALYSIS

Bitcoin technical analysis, bulls might be giving up soon

August 14, 2022
The weekend forex technical report for the week of August 15, 2022
ANALYSIS

The weekend forex technical report for the week of August 15, 2022

August 14, 2022
Next Post

US stocks opened lower. Dow leading the way to the downside

GBPUSD trades above and below its 200 hour moving average, but stalls near topside swing area.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

AUDUSD trades to new highs as risk-on sends the currency higher

AUDUSD trades to new highs as risk-on sends the currency higher

March 22, 2022

WTI crude oil futures settle at $40.63

July 6, 2020
EURUSD trading up and down. Back below its 100 hour moving average

EURUSD trading up and down. Back below its 100 hour moving average

September 16, 2021

Popular Stories

  • The USD is the strongest and the NZD is the weakest as the NA session begins

    0 shares
    Share 0 Tweet 0
  • New highs for US stocks. The Nasdaq continues to lead

    0 shares
    Share 0 Tweet 0
  • EURGBP erases gains and returns to a familiar bias defining level

    0 shares
    Share 0 Tweet 0
  • What is forex and How does it work?

    0 shares
    Share 0 Tweet 0
  • What is CFD trading?

    0 shares
    Share 0 Tweet 0
Forex Review Online

© 2022 My Forex Review - Designed with Jnews Theme.

Navigate Site

  • Home
  • Crypto
  • Education
  • News

Follow Us

No Result
View All Result
  • Home
  • Crypto
  • Education
  • News

© 2022 My Forex Review - Designed with Jnews Theme.