AUD/USD bounces modestly from one-decade low. A bullish correction up could be on the cards. AUD/USD daily chart AUD/USD is chopping near one-decade lows while trading well below the main daily simple moving averages (SMAs). AUD/USD four-hour chart The trend is bearish, however, as the US dollar is losing steam across the board a bullish correction cannot be ruled out. Bulls would need to regain the 0.6635/0.6649 resistance cluster in order to regain some strength. Below this area, the market is likely to remain vulnerable to bearish incursions with 0.6514, 0.6480 and 0.6400 acting as potential support. Resistance: 0.6555, 0.6635, 0.6649 Support: 0.6514, 0.6480, 0.6400 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 drops toward daily low near 107.50 as DXY consolidates losses FX Street 3 years AUD/USD bounces modestly from one-decade low. A bullish correction up could be on the cards. AUD/USD daily chart AUD/USD is chopping near one-decade lows while trading well below the main daily simple moving averages (SMAs). AUD/USD four-hour chart The trend is bearish, however, as the US dollar is losing steam across the board a bullish correction cannot be ruled out. Bulls would need to regain the 0.6635/0.6649 resistance cluster in order to regain some strength. Below this area, the market is likely to remain vulnerable to bearish incursions with 0.6514, 0.6480 and 0.6400 acting as potential… 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.
