Intraday Analysis 23.07.2026
AUDUSD (Australian dollar) finds psychological support
The AUDUSD (Australian dollar) hopes to stop the reversal after finding crucial support at the 0.7000 zone.
- Overall, the pair remains bullish to hit a higher high if prices remain above the said support.
- The RSI’s move to the neutral area triggered the bearish move, which could continue towards 0.6940.
- Bulls will need to clear 0.7060 before they can hope for a meaningful rebound.
USOIL hits another high
Crude is on the charge after Middle East tensions continue to dominate the headlines.
- A series of fresh highs sees bulls remain in control as whispers of the 90.00 level look to be tested soon.
- On the downside, 86.00 is the first target and bears could look to double down on their positions if prices begin to creep lower.
- For now, a slight pullback ensues as the black gold awaits the next signal.
NAS 100 tech sell-off continues
The Nasdaq looks to take a breather as the bear rally continues.
- The index came across some buying interest as tech stocks hope for a fight back.
- Profit-taking could drive the price lower as there are signs of liquidation.
- Overall sentiment remains bearish, and trend followers look eager to jump in for another fresh low towards 28200.
- 29400 is the closest resistance, and 30000 is the obstacle to lift.
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