AUD/USD bounces sharply from 11-year lows. A bullish correction could be on the cards. AUD/USD daily chart After crashing near 0.6300 figure the aussie is recovering and adding about 250 pips from 11-year lows while trading well below the main daily simple moving averages (SMAs). AUD/USD four-hour chart AUD/USD is trading at fresh highs in March as the market is reversing up sharply and challenging the 200 SMA on the four-hour chart. A sustained break above the 0.6672 resistance can lead to extra gains as bulls seem to be back in the driver’s seat. Levels to watch to the upside can be loctaed near the 0.6714 an 0.6749 resistances. Support, on the other hand, could be found on any drop to the 0.6631, 0.6617 and 0.6589 levels, according to the Technical Confluences Indicator. Resistance: 0.6672, 0.6714, 0.6749 Support: 0.6631, 0.6617, 0.6589 Additional key levels 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 USD/JPY rebounds after sharp fall to 101 area, steadies near 102.30 FX Street 2 years AUD/USD bounces sharply from 11-year lows. A bullish correction could be on the cards. AUD/USD daily chart After crashing near 0.6300 figure the aussie is recovering and adding about 250 pips from 11-year lows while trading well below the main daily simple moving averages (SMAs). AUD/USD four-hour chart AUD/USD is trading at fresh highs in March as the market is reversing up sharply and challenging the 200 SMA on the four-hour chart. A sustained break above the 0.6672 resistance can lead to extra gains as bulls seem to be back in the driver’s seat. Levels to… 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.
