Weekly AUDUSD Forecast 15-Oct to 19-Oct

Weekly AUDUSD Forecast 15-Oct to 19-Oct

Australian Dollar 0.70 was struggling on the handle but did not fall. Now it is facing job reports, Chinese GDP and more. Here is an updated technical analysis for the week’s highlights and AUD / USD.

fxpips audusd forecast

AUDUSD Technical Analysis: Previous Support and Resistant Levels

1.0.7480 captured the pair in mid-July and saved the level of 0.75. 0.7420 added two pairs in mid-July. In mid-July, there was 0.7360 low point.

2. 0.7310 is at the lower level of July 2018. The swing was low at the end of August 0.7240 and the pair attempted to reach mid-September.

3. The round number of 0.7200 was temporary low. 0.7150 was a stepping stone on the way in early September. In the middle of October 0.7040 was the last defense before the low point and the round number of 0.70.

4. The round number of 0.70 is closely watched by many market participants. Close, played a role in 0.6970 January 2017. Below, only the notable level is only 0.6825, which supports the pair at the end of 2016 and at the beginning of 2017.

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