- Analytics
- News and Tools
- Market News
- AUD/USD Price Analysis: Bears testing bullish commitments at critical support
AUD/USD Price Analysis: Bears testing bullish commitments at critical support
- AUD/USD under pressure due to US warnings of a Russian invasion.
- Bears testing critical support structure and eys on the hourly supportive trendline.
AUD/USD ended Friday on the backfoot following news that the US warned its citizens to leave Ukraine within 48 hours due to Russian invasion risks. Oil prices, equities and risk aversion have been the driving force behind the sell-off in the Aussie while the inflationary supply shocks keep coming. AUD/USD ended lower by 0.50% as well to 0.7130, with its bullish campaign potentially coming to a swift end at this juncture.
AUD/USD prior analysis
AUD/USD live market
Eyes are on a break below the 61.8% Fibonacci retracement level. Meanwhile, the 1-hour chart will be eyed for the potential of a knee-jerk relief rally to start the week:
However, the risks remain high and this should leave the Aussie vulnerable for further downside with eyes on the trendline resistance as illustrated above.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
