AUD/USD is on bids around 78.50 during early Tuesday. The pair broke a weeklong descending trend-line stretched since March 21 and is currently heading towards 78.55/60 resistance area comprising lows of March 14 and 21. Should buyers manage to hold the strength after 78.60, 61.8% Fibonacci retracement of the downturn from March 18 to 25 can challenge further upside at 78.70. In a case where prices rally beyond 78.70, there are multiple resistances near 79.00 round-figure to conquer for the bulls ahead of aiming to revisit the current month high surrounding 79.40. Meanwhile, 78.30 and 78.00 could entertain sellers during the pair’s pullback. Given the quote slips beneath 78.00, 77.80 and recent lows around 77.50 can flash on their radar ahead of highlighting 77.00 for bears. AUD/JPY hourly chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next PBOC sets yuan reference rate at 6.7042 FX Street 4 years AUD/USD is on bids around 78.50 during early Tuesday. The pair broke a weeklong descending trend-line stretched since March 21 and is currently heading towards 78.55/60 resistance area comprising lows of March 14 and 21. Should buyers manage to hold the strength after 78.60, 61.8% Fibonacci retracement of the downturn from March 18 to 25 can challenge further upside at 78.70. In a case where prices rally beyond 78.70, there are multiple resistances near 79.00 round-figure to conquer for the bulls ahead of aiming to revisit the current month high surrounding 79.40. Meanwhile, 78.30 and 78.00 could entertain sellers during… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
