Technical Analysis

AUDUSD follows the USD lower. New day highs.

USD falls continues

The USD has continued to fall, and the AUSUSD is not immune. It is trading at the highs for the day and away from its 200 hour MA (green line) at 0.6900 level. The next target is up a the 0.6932-36 which is home to a number of swing levels going back to May 14th. 

Looking at the changes and ranges for the major currency pairs, apart from the GBPUSD, the USD is trading near dollar low extremes (see chart below). The USD is the weakest of the major currencies today.

THe USD is trading at a dollar low extreme vs all currencies except the GBP

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