AUD/USD reverses early-Asian gains despite recently picking up the bids. Bearish MACD suggests further pullback but 100-HMA, one-week-old support line can challenge the bears. AUD/USD keeps the latest U-turn from 50-HMA while trading near 0.7535 during early Monday. In doing so, the pair revisits Friday’s closing while eroding the early-day gains. Although short-term HMA restricts the quote’s immediate downside around 0.7520, bearish MACD directs the AUD/USD sellers toward the last Wednesday’s top near 0.7485. It should, however, be noted that a confluence of 100-HMA and an upward sloping trend line December 07, around 0.7475/70, will challenge the pair’s further downside. Meanwhile, 0.7570 and 0.7600 round-figure can lure the AUD/USD bulls during the short-term. During the quote’s sustained run-up past-0.7600, the mid-2018 peak surrounding 0.7680 will be the key to watch. AUD/USD hourly chart Trend: Pullback expected 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 Treasury Sec. Mnuchin and House Speaker Pelosi discuss stimulus and covid FX Street 2 years AUD/USD reverses early-Asian gains despite recently picking up the bids. Bearish MACD suggests further pullback but 100-HMA, one-week-old support line can challenge the bears. AUD/USD keeps the latest U-turn from 50-HMA while trading near 0.7535 during early Monday. In doing so, the pair revisits Friday’s closing while eroding the early-day gains. Although short-term HMA restricts the quote’s immediate downside around 0.7520, bearish MACD directs the AUD/USD sellers toward the last Wednesday’s top near 0.7485. It should, however, be noted that a confluence of 100-HMA and an upward sloping trend line December 07, around 0.7475/70, will challenge the pair’s further downside.… 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.
