XAU/USD4,699.34+0.28% BTC/USD77,811-0.76% ETH/USD2,321-0.29% SOL/USD186.34+0.43% EUR/USD1.0934+0.12% GBP/USD1.2641-0.08% USD/JPY153.42+0.22% AVAX/USD9.44+0.35% WTI78.21+1.04% DXY104.18-0.14% SPX5,812+0.31% NDX20,341+0.48% XAU/USD4,699.34+0.28% BTC/USD77,811-0.76% ETH/USD2,321-0.29% SOL/USD186.34+0.43% EUR/USD1.0934+0.12% GBP/USD1.2641-0.08% USD/JPY153.42+0.22% AVAX/USD9.44+0.35% WTI78.21+1.04% DXY104.18-0.14% SPX5,812+0.31% NDX20,341+0.48%

FOREX 2H AGO Source: Forexcom

Australian Dollar Technical Outlook: AUD/USD Slides into Fibonacci Support at 70 Cents

AUD/USD is testing a critical Fibonacci confluence at the 70-cent handle after a 3.8% decline from its yearly high, with US CPI, FOMC and RBA decisions all due within days. Michael Boutros, Senior Market Analyst at FOREX.com, maps the multi-timeframe breakdown and explains what a sustained close below 70 could trigger for AUD/USD.

 AUD/USD is testing a critical Fibonacci confluence at the 70-cent handle after a 3.8% decline from its yearly high, with US CPI, FOMC and RBA decisions all due within days. Michael Boutros, Senior Market Analyst at FOREX.com, maps the multi-timeframe breakdown and explains what a sustained close below 70 could trigger for AUD/USD. 

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