Gold prices look primed for a turn lower in the near term, despite prices seeing upside action over the last two weeks. XAU/USD's technical posture offers some actionable setups.
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Australian Dollar Outlook Remains Bleak: AUD/USD, AUD/JPY, AUD/CAD, GBP/AUD
2021-07-18 05:00:00
Daniel Dubrovsky,
Strategist
Australian Dollar, AUD/USD, AUD/JPY, AUD/CAD, GBP/AUD – Weekly Technical Outlook
Australian Dollar mostly weakened this past week, more to come?
AUD/CAD eyeing potential bullish signal, GBP/AUD breakout eyed
AUD/USD - Bearish
The Australian Dollar extended losses this past week, with AUD/USD taking out the 0.7445 – 0.7479 support zone. This follows a series of bearish crossovers, including one between the 20-day and 50-day Simple Moving Averages (SMAs). Another one occurred between the 20-day and 200-day SMAs. These seem to be favoring a downside technical bias. Still, positive RSI divergence is persisting. This shows that downside momentum is fading, which can at times precede a turn higher.
New Zealand Dollar Technical Forecast: NZD/CAD, NZD/CHF, AUD/NZD Key Levels
Month-to-date, NZD/CHF is up just over 0.10%. The currency pair has traded in a Descending Channel since moving lower from a multi-year swing high made in late February. The 23.6% Fibonacci …
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Australian Dollar Analysis, More Losses Next? AUD/USD, AUD/JPY, AUD/CAD, GBP/AUD
2021-07-11 08:00:00
Daniel Dubrovsky,
Strategist
Australian Dollar, AUD/USD, AUD/JPY, AUD/CAD, GBP/AUD – Weekly Technical Outlook
Australian Dollar extended losses against its major peers this past week
AUD/CAD may consolidate with downside bias, GBP/AUD breakout eyed
AUD/USD - Bearish
The Australian Dollar extended its decline this past week against the US Dollar, with AUD/USD further confirming the break under the 200-day Simple Moving Average (SMA). A bearish crossover between the near-term 20-day and 50-day SMAs are also offering a downside bias. Still, immediate support remains the 0.7445 – 0.7479 range. Positive RSI divergence does show that downside momentum is fading. That can at times precede a turn higher. If not, the pair may aim towards lows from September.