AUD/USD refreshes intraday high while bouncing off 0.7139. Bullish MACD, recovery from 61.8% Fibonacci retracement favor buyers. Multiple upside resistances to challenge the bulls past-0.7200. AUD/USD stays well bid while refreshing the intraday high to 0.7186, currently around 0.7183, during the pre-European session on Tuesday. The aussie pair recently bounced off 61.8% Fibonacci retracement of its August 03/07 upside. However, the bulls are jostling with 100-HMA to mark further upside. With the bullish MACD signals joining the pair’s repeated bounces off the key Fibonacci retracement level, the pair buyers are likely to cross the immediate resistance around 0.7188 and regain 0.7200 mark during the further rise. Though, 0.7215 and the monthly high near 0.7240/45 can challenge the bulls before pushing them to the year 2019 top surrounding 0.7300. Meanwhile, a downside break of 0.7140 comprising 61.8% of Fibonacci retracement, could recall 0.7100 round-figures on the chart. In a case where the bears dominate past-0.7100, a confluence of July 24 low and June 10 high near 0.7065/60 could restrict the pair’s additional weakness. AUD/USD hourly chart Trend: Bullish 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 Hong Kong goods to be labelled ‘Made in China’ for export to the US – SCMP FX Street 2 years AUD/USD refreshes intraday high while bouncing off 0.7139. Bullish MACD, recovery from 61.8% Fibonacci retracement favor buyers. Multiple upside resistances to challenge the bulls past-0.7200. AUD/USD stays well bid while refreshing the intraday high to 0.7186, currently around 0.7183, during the pre-European session on Tuesday. The aussie pair recently bounced off 61.8% Fibonacci retracement of its August 03/07 upside. However, the bulls are jostling with 100-HMA to mark further upside. With the bullish MACD signals joining the pair’s repeated bounces off the key Fibonacci retracement level, the pair buyers are likely to cross the immediate resistance around 0.7188 and regain… 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.
