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The AUD/USD chart is still trending lower but that is being put to the test; levels and lines to watch in the days ahead...

USD/CAD is very near the 2017 low; watch price action closely for cues as to whether a recovery can begin or the current trend will continue to extend.

Australian Dollar Technical Forecast: AUD/USD, AUD/JPY Levels to Watch 2021-04-30 23:00:00 Daniel Moss, Analyst Australian Dollar Technical Forecast: Mixed The Australian Dollar could slip lower against USD, however, further gains against JPY seem likely in the near term. Head and Shoulders pattern hints at a bearish reversal for AUD/USD rate. Ascending Triangle pattern points to further gains for AUD/JPY. The Australian Dollar has been stuck in a relatively tight range against its lower-beta counterparts in recent weeks. However, a bearish Head and Shoulders suggests the risk-sensitive cu...

Australian Dollar Technical Forecast: AUD/USD, AUD/JPY Key Levels 2021-02-28 05:00:00 Daniel Moss, Analyst Australian Dollar Technical Forecast: Mixed AUD/USD eyeing a test of support at the 55-EMA after slicing through the Pitchfork median line. AUD/JPY rates attempting to consolidate above the 61.8% Fibonacci. Although the long-term technical outlook for the Australian Dollar remains skewed to the topside, recent developments suggest that the commodity-sensitive currency could lose ground in the coming days against its haven-associated counterparts. Key levels to watch for AUD/USD and AUD...