Technical Outlook For AUD/USD, GBP/AUD, AUD/NZD & AUD/CHF: 27.12.2018

Anil Panchal
Technical Outlook For AUD/USD, GBP/AUD, AUD/NZD & AUD/CHF: 27.12.2018


While three-week long descending trend-line continue restricting AUDUSD’s near-term upside, the pair has to close beneath 0.7020 in order to please sellers with fresh lows. In doing so, the quote can drop to 0.7000 round-figure and then to the 0.6930-25 support-zone ahead of aiming 61.8% FE level of 0.6900. Alternatively, the 0.7085 is likely immediate resistances for the pair prior to confronting the 0.7115 TL barrier, breaking which 0.7160 and 50-day SMA level of 0.7190 may come back on the chart. Moreover, pair’s sustained trading beyond 0.7190 could flash 0.7235-40 and the 0.7300 resistances on buyers’ radar.


Failure to surpass 1.8050-60 resistance-region may well drag the GBPAUD to adjacent support-line, around 1.7790, which if broken highlights the importance of 1.7730 and the 1.7650 rest-points. In case prices refrain to respect 1.7650 mark, the 1.7550, the 1.7470 and the 1.7370 could become Bear’s favorites. On the contrary, successful clearance of 1.8060 can trigger the pair’s rise towards the 1.8150 and the 1.8250 numbers to north. During the pair’s extended recovery past-1.8250, the 1.8360, the 1.8420 and the 1.8460 might entertain the Bulls.


AUDNZD still finds it hard to conquer eight-week old downward slanting resistance-line that gradually fetches it to the 1.0450-45 support-area that holds the gate for the pair’s further downturn to 1.0430 and then to the 61.8% FE level of 1.0380. Assuming the pair’s weakness under 1.0380, the 1.0365 and the 1.0320 can play their roles of crucial support-levels. If at all the pair manages to cross 1.0510 trend-line resistance, the 1.0530 and the 1.0580-90 may quickly mark their presence. However, the 1.0620 and the 1.0690-1.0700 might confine the pair’s advances after 1.0590, if not then 1.0765 seem critical if holding long positions.


Even after taking a U-turn from 0.6950-45, the 0.7000 and the 100-day SMA level of 0.7120 could challenge the AUDCHF’s recent pullback, which if surpassed can escalate the up-moves to 0.7190 and the 0.7250 resistances. Should the quote remain strong after 0.7250, the 0.7270, comprising 200-day SMA, followed by eleven-month long resistance-line at 0.7355, may lure the optimists. Meanwhile, a downside break of 0.6945 can have 0.6900 and the 0.6870 as rests before diverting market attention to 61.8% FE level of 0.6800 and the 0.6750 supports.

Don't miss a thing!

Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.