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24 Feb 2020

AUD/USD Price Analysis: Aussie bouncing from 2020 lows, trading near

AUD/USD is consolidating losses as USD is on the back foot.
Resistance is seen near the 0.6630 level.

AUD/USD daily chart

The aussie is bouncing from one-decade lows while trading well below the main daily simple moving averages (SMAs). The trend is clearly to the downside, however, as USD is losing steam across the board, AUD/USD might be correcting up in the coming sessions. A break above the 0.6630 level can lead to further gains towards 0.6650 and 0.6778 levels. Support is seen near 0.6596, 0.6569 and 0.6548 levels, according to the Technical Confluences Indicator.

Resistance: 0.6630, 0.6650, 0.6678

Support: 0.6596, 0.6569, 0.6548

Additional key levels

Feb 24, 2020

GBP/USD awaits month-end flow positioning into key events in March

GBP/USD has been trading between a low of 1.2886 and 1.2954, slightly down on the day by 0.22% and despite the US dollar sliding into the lows of the

S&P 500 Price Analysis: Index crashing, on track to worst daily decline since August 2019

The S&P 500 Index is trading is having a strong retracement down below the 50-day simple moving average (SMA).