others
Fades bounce off 200-HMA to snap three-day uptrend – Crypto News
- AUD/USD remains depressed around intraday lows during the first loss-making day in four.
- Bearish MACD signals, failure to cross weekly resistance line keep sellers hopeful.
- Buyers need validation from monthly high to retake control.
AUD/USD retreats to 0.6775 as it defies the three-day winning streak heading into Monday’s European session. In doing so, the Aussie pair retreats towards the 200-Hour Moving Average (HMA) amid the bearish MACD signals.
It’s worth noting that the quote’s failure to cross a one-week-old ascending trend line also contributes to the bearish bias.
That said, the AUD/USD weakness past the 200-HMA level of 0.6755 will aim for the 50% Fibonacci retracement level of the pair’s November 29 to December 05 upside, near .6745.
However, a two-week-old horizontal support area surrounding 0.6670 appears a tough nut to crack for the AUD/USD bears.
In a case where AUD/USD remains bearish past 0.6670, a downward trajectory towards the late November swing low near 0.6585 can’t be ruled out.
Meanwhile, recovery moves may initially confront the 23.6% Fibonacci retracement level round the 0.6800 round figure before challenging an upward-sloping resistance line near 0.6825.
Even if the AUD/USD bulls manage to cross the 0.6825 hurdle, the monthly high of 0.6850 will act as an additional upside filter to challenge the pair’s further advances.
Overall, AUD/USD is likely to witness a short-term pullback but the bulls remain hopeful unless witnessing a clear downside break of 0.6670.
AUD/USD: Hourly chart
Trend: Further downside expected
-
Metaverse1 week agoWhat Satya Nadella’s latest shakeup says about Microsoft’s evolving AI strategy – Crypto News
-
Metaverse1 week ago
What Satya Nadella’s latest shakeup says about Microsoft’s evolving AI strategy – Crypto News
-
Technology1 week agoAI isn’t the dot-com bubble, but that won’t stop it from ending badly – Crypto News
-
Technology1 week agoChatGPT will soon pay for you! India’s AI payment pilot set to go live: What it means for users – Crypto News
-
Technology7 days agoBest phones under ₹15,000: Oppo K13 5G, Infinix Note 50s, iQOO Z10x and more – Crypto News
-
others6 days agoChina’s Commerce Ministry urges US to correct its wrong practices as soon as possible – Crypto News
-
Metaverse1 week agoBubble or not, the AI spending binge is unprecedented in every way – Crypto News
-
others1 week agoEUR/JPY retreats as Euro slides on French political uncertainty – Crypto News
-
Metaverse1 week agohuman intelligence for artificial minds – Crypto News
-
Cryptocurrency5 days agoStripe’s stablecoin biz seeks national bank trust charter – Crypto News
-
Business1 week ago
ASTER Airdrop Delayed to October 20 Amid Criticisms Over Token Allocations – Crypto News
-
Technology1 week ago
STON.fi CMO on Building TON’s Largest Swap & Liquidity Aggregator – Crypto News
-
Technology1 week ago
Tom Lee’s Fundstrat Predicts Ethereum Rally to $5,500 Following ETH ‘Bottom’ – Crypto News
-
Cryptocurrency1 week agoThe Latest Nobel Peace Prize Winner Is a Bitcoin Supporter – Crypto News
-
others1 week agoA balanced approach to monetary policy only works if inflation expectations are anchored – Crypto News
-
Metaverse5 days agoWalmart teams with OpenAI for ChatGPT purchases. The retailer is ‘ahead of the curve’. – Crypto News
-
Business1 week ago
Bank of America, Citigroup and Goldman Sachs Explore Issuing Stablecoins Pegged to G7 Currencies – Crypto News
-
De-fi1 week agoLarva Labs Art Blocks Auction Surpasses $30,000 – Crypto News
-
Technology1 week agoBose Angers Customers by Ending Cloud Streaming for Old Speakers – Crypto News
-
Technology1 week ago
Bose Angers Customers by Ending Cloud Streaming for Old Speakers – Crypto News
-
Cryptocurrency1 week agoCrypto liquidations drive historic market turbulence – Crypto News
-
others1 week ago
Peter Brandt Flips Bullish on Bitcoin, Ethereum, XRP, and XLM – Crypto News
-
Blockchain1 week agoHow to Use ChatGPT to Discover Hidden Crypto Gems – Crypto News
-
Cryptocurrency1 week agoWhy Bitcoin could rebound up to 21% this week: experts explain – Crypto News
-
others1 week ago
Breaking: $8 Trillion Morgan Stanley Opens Bitcoin Investments to All Wealth Clients – Crypto News
-
others1 week ago
U.S. Inflation Data: BLS to Release CPI Report on October 24 Amid Government Shutdown – Crypto News
-
Business1 week ago
Crypto Market Loses $670 Billion on CEX Auto Liquidations, Altcoins Crash Intensifies – Crypto News
-
Metaverse1 week agoIndia key to shaping future of Artificial Intelligence, says Anthropic CEO Dario Amodei after meeting PM Modi – Crypto News
-
Blockchain1 week agoCrypto Traders Show ‘Rationalization’ Behavior’ After Market Plunge – Crypto News
-
others1 week agoTrump’s tariff threat pushes US Dollar below 99 amid trade tensions – Crypto News
-
Cryptocurrency1 week agoHow Solana Overtook Ethereum’s Early Growth Curve – Crypto News
-
Technology7 days ago
Breaking: China Renaissance Bank Eyes $600M Raise for BNB-Focused Fund with YZI Labs – Crypto News
-
De-fi7 days agoDeFi Withstands Stress Test as Market Mayhem Wipes Out Nearly $20B – Crypto News
-
others6 days agoSeems ‘prudent’ to cut rates further given lower inflation risks – Crypto News
-
Business5 days ago
Pro Says Ethereum Price is a Buy Despite Rising Liquidations and BlackRock Selling – Crypto News
-
Business5 days ago
Pro Says Ethereum Price is a Buy Despite Rising Liquidations and BlackRock Selling – Crypto News
-
Cryptocurrency1 week agoMorgan Stanley opens crypto fund access to all wealth clients – Crypto News
-
Technology1 week agoPENGU turns bullish as Pudgy Penguins teams up with Nasdaq-listed Sharps Technology – Crypto News
-
Cryptocurrency1 week agoPolymarket Token Is Coming, But Likely Not This Year: Sources – Crypto News
-
De-fi1 week agoCrypto Markets Plummet as BTC Briefly Drops Below $106K – Crypto News
-
Business1 week ago
Here’s Why XRP Price May Have a Zcash-Like Surge – Crypto News
-
Metaverse1 week agoClaude automates reports and presentations effortlessly – Crypto News
-
Cryptocurrency1 week agoOutages hit Binance, Coinbase, and Robinhood as $9.5 billion liquidations hit the market – Crypto News
-
Technology1 week agoAmazon Diwali bonanza: Top 5 deals on flagship mobiles you should not miss – iPhone 16, OnePlus 13 & more – Crypto News
-
Business1 week ago
Is the Bitcoin Top In? Raoul Pal Signals Higher Liquidity Cycle Despite Market Selloff – Crypto News
-
Cryptocurrency1 week agoShiba Inu Burn Rate Crashes 99% as Crypto Sees Largest Liquidation Event Ever – Crypto News
-
Cryptocurrency1 week agoDecoding WLFI’s meltdown – Can a $7mln buyback undo a $190mln dump? – Crypto News
-
others1 week agoWhich way out of the range – Crypto News
-
Business1 week ago
Crypto Market Recovery: BTC, ETH, XRP, DOGE Surge 4-12% As Expert Sees V-Shape Upside – Crypto News
-
Technology6 days ago
XRP Price Crashes as Whales Dump 2.23B Tokens — Is $2 the Next Stop? – Crypto News