{"id":106139,"date":"2020-10-26T19:33:49","date_gmt":"2020-10-26T19:33:49","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106139"},"modified":"2020-10-26T19:33:49","modified_gmt":"2020-10-26T19:33:49","slug":"104640-aud-usd-a-break-through-0-71-to-open-the-door-to-further-losses","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104640-aud-usd-a-break-through-0-71-to-open-the-door-to-further-losses\/","title":{"rendered":"AUD\/USD A break below 0.71 to open the door to further losses"},"content":{"rendered":"<ul>\n<li><strong>AUD\/USD traded on the back foot in the US session on Monday.<\/strong><\/li>\n<li><span style=\"font-weight: 400;\"><strong>Mixed oscillators on hourly\/daily charts point to a cautious approach<\/strong>.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">AUD\/USD struggled to capitalize on a reasonable intraday bounce of around 40-45 pips. The pair is trading mildly lowerat0.7120-25.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The pair showed some resilience below the 100-hour EMA, attracting some dip-buying close to 0.71 round-figure. Still, risk aversion is benefitting the safe-haven USD, capping attempts to advance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The recent rally across the past two weeks has failed several times near multi-day-old ascending trend-line resistance. Expectations that the RBA will ease further in November is likely a key factor limiting gains for AUD\/USD.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Mixed technical indicators on hourly\/daily charts indicate a cautious approach should be adopted. Some follow-through selling below the 0.71 before placing any short positions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">AUD\/USD could be vulnerable and target 0.7025-20 horizontal support. A break-through here could open the door to the key 0.7000 psychological mark.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Immediate resistance can be seen at 0.7145 horizontal level A move higher could bring resistance at the mentioned trendline 0.7170-75 into focus.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AUD\/USD traded on the back foot in the US session on Monday. Mixed oscillators on hourly\/daily charts point to a cautious approach. AUD\/USD struggled to capitalize on a reasonable intraday bounce of around 40-45 pips. The pair is trading mildly lowerat0.7120-25. The pair showed some resilience below the 100-hour EMA, attracting some dip-buying close to [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":3625,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1381],"tags":[1540,2415,1398],"class_list":{"0":"post-106139","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-aud","8":"category-usd","9":"tag-aud","10":"tag-aud-usd","11":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AUD\/USD A break below 0.71 to open the door to further losses - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104640-aud-usd-a-break-through-0-71-to-open-the-door-to-further-losses\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104640-aud-usd-a-break-through-0-71-to-open-the-door-to-further-losses\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104640-aud-usd-a-break-through-0-71-to-open-the-door-to-further-losses\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"AUD\\\/USD A break below 0.71 to open the door to further losses\",\"datePublished\":\"2020-10-26T19:33:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104640-aud-usd-a-break-through-0-71-to-open-the-door-to-further-losses\\\/\"},\"wordCount\":188,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104640-aud-usd-a-break-through-0-71-to-open-the-door-to-further-losses\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100056-aud-gbp-down-china-credit.jpg\",\"keywords\":[\"aud\",\"aud\\\/usd\",\"usd\"],\"articleSection\":[\"AUD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104640-aud-usd-a-break-through-0-71-to-open-the-door-to-further-losses\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104640-aud-usd-a-break-through-0-71-to-open-the-door-to-further-losses\\\/\",\"name\":\"AUD\\\/USD A break below 0.71 to open the door to further losses - 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