Aussie dollar revisited the 50-hour SMA support a few minutes before press time on falling prospects of a Democratic House. The technical bias is bullish courtesy of the upside break of the long-term falling trendline. The Aussie dollar is currently trading at 0.7226 – down 0.25 percent on the day – having hit a session high of 0.7258. The decline from the session highs to could be attributed to the falling probability of a Democratic House. The probability of the Dems taking control of the House has dropped sharply from 90 percent to 50 percent in the last 60 minutes. As a result, the greenback recovered lost ground, pushing the AUD/USD back to the 50-hour simple moving average (SMA) support of 0.7216. The SMA support is still intact, possibly because the House forecast has ticked back up slightly in favor of Democrats in the last five minutes. Technically speaking, the AUD is looking north, having convincingly breached the nine-month-long falling trendline earlier this month.  AUD/USD Technical Levels AUD/USD Overview:     Last Price:  0.7232     Daily change:  7.0  pips     Daily change:  0.0969%     Daily Open:  0.7225 Trends:     Daily SMA20:  0.7118     Daily SMA50:  0.7161     Daily SMA100:  0.7268     Daily SMA200:  0.7483 Levels:     Daily High:  0.7243     Daily Low:  0.7204     Weekly High:  0.726     Weekly Low:  0.705     Monthly High:  0.724     Monthly Low:  0.702     Daily Fibonacci 38.2%:  0.7228     Daily Fibonacci 61.8%:  0.7219     Daily Pivot Point S1:  0.7205     Daily Pivot Point S2:  0.7186     Daily Pivot Point S3:  0.7167     Daily Pivot Point R1:  0.7244     Daily Pivot Point R2:  0.7263     Daily Pivot Point R3:  0.7282  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 US midterm elections: Republican challenger takes lead in Florida Senate race FX Street 4 years Aussie dollar revisited the 50-hour SMA support a few minutes before press time on falling prospects of a Democratic House. The technical bias is bullish courtesy of the upside break of the long-term falling trendline. The Aussie dollar is currently trading at 0.7226 - down 0.25 percent on the day - having hit a session high of 0.7258. The decline from the session highs to could be attributed to the falling probability of a Democratic House. The probability of the Dems taking control of the House has dropped sharply from 90 percent to 50 percent in the last 60 minutes.… 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.
