Australian Dollar Forecast: Aussie Bulls Haltedâ Range Break Imminent
2021-05-13 17:30:00
Michael Boutros,
Strategist
Australian Dollar Technical Price Outlook: AUD/USD Weekly Trade Levels
Australian Dollar technical trade level update - Weekly Chart
AUD/USD reverses sharply off technical resistance – range breakout imminent
Aussie key support into 7563– key resistance steady at 7836
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The Australian Dollar plummeted more than 1.4% against the US Dollar since the start of the week with AUD/USD reversing off technical resistance at the yearly high-close. The pullback puts into focus a critical range of influence and we’re looking for a breakout in the days ahead to offer guidance with the long-side vulnerable below this week’s high. These are the updated targets and invalidation levels that matter on the AUD/USD weekly price chart heading into the close of the year. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Aussie tec
Australian Dollar Outlook: AUD/USD Plunges into Multi-Month Support
2021-05-04 16:30:00
Michael Boutros,
Strategist
Australian Dollar Technical Price Outlook: Near-term Trade Levels
Australian Dollar technical trade level update – Daily & Intraday Charts
AUD/USD approaches multi-week range / slope support
Near-term support 7700, 7675(key) – resistance / bearish invalidation 7770
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The Australian Dollar is on defensive against the US Dollar post-RBA with AUD/USD down more than 0.7% in early US trade. The decline takes Aussie with in striking range of key support at multi-week range lows and we’re looking for possible price inflection here early in the month. These are the updated targets and invalidation levels that matter on the AUD/USD technical price charts. Review my latest Strategy Webinar for an in-depth breakdown of this Aussie setup and more.
Australian Dollar Outlook: AUD/USD Rips into April- Breakout Levels
2021-04-15 17:30:00
Michael Boutros,
Strategist
Australian Dollar Technical Price Outlook: Near-term Trade Levels
Australian Dollar technical trade level update – Daily & Intraday Charts
AUD/USD near-term breakout underway- rally targeting initial uptrend resistance
Near-term support 7664, 7593(key) - resistance objectives into 7770 & 7800/36
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The Australian Dollar has surged more than 3% off the monthly / yearly lows against the US Dollar with a near-term price breakout taking AUD/USD towards uptrend resistance. While a breach above the April range keeps the broader focus higher, the immediate advance may be vulnerable as Aussie goes for a third consecutive daily advance. These are the updated targets and invalidation levels that matter on the AUD/USD technical price charts. Review my latest Strategy Webinar for an in-depth breakdown of this Aussie setup and more.
Australian Dollar Forecast: Aussie Support Grind- AUD/USD Breakout Pending 2021-04-12 17:30:00 Michael Boutros, Strategist
Australian Dollar Technical Price Outlook: AUD/USD Weekly Trade Levels
Australian Dollar technical trade level update - Weekly Chart
AUD/USD sell-off plunges into multi-month uptrend support / 2021 range low
Aussie key support into 7563– key resistance steady at 7836 Advertisement
The Australian Dollar plummeted nearly 6% against the US Dollar off the February highs with the decline now testing multi-month channel support. While the broader outlook remains constructive, the rally remains vulnerable here as the April range sets up just above the yearly lows. These are the updated targets and invalidation levels that matter on the AUD/USD weekly price chart heading into the close of the year. Review my latest Weekly Strategy Webinar for the an in-depth breakdown of th
Australian Dollar Outlook: AUD/USD Break Tests First Aussie Hurdle 2021-03-09 18:30:00 Michael Boutros, Strategist
Australian Dollar Technical Price Outlook: Near-term Trade Levels
Australian Dollar technical trade level update – Daily & Intraday Charts
AUD/USD correction testing first major technical support- risk for near-term price inflection
Near-term support objectives 7618, 7523 Key - Resistance into 7800/36 Advertisement
The Australian Dollar is virtually unchanged against the US Dollar for the week after rebounding off key support. While the recovery may yet have another leg, the broader risk remains tilted to the downside while below the monthly range highs. These are the updated targets and invalidation levels that matter on the AUD/USD technical price charts. Review my latest Strategy Webinar for an in-depth breakdown of this Aussie setup and more.