AUD/USD recovers just over 10 pips from session low on hopes for US fiscal stimulus. The daily chart still shows signs of uptrend fatigue. AUD/USD has recovered to 0.7557 from the session low of 0.7545, with investors cheering the growing prospect of more US fiscal stimulus. Senate Democratic leader Chuck Schumer was out on the wires a few minutes ago, stating that lawmakers are still talking on the coronavirus relief package and more talks are likely tonight (Tuesday, Eastern time). However, Schumer did not comment on how talks were progressing. Further, Senate Majority Leader Mitch McConnell told reporters early today that the lawmakers have vowed to reach a deal before the year-end. While stimulus hopes have helped the growth-sensitive AUD recover losses, the AUD/USD pair is yet to invalidate the uptrend fatigue signaled by long wicks attached to the previous three daily trading candles with a move above 0.7578. As long as that hurdle is intact, the immediate bias will remain neutral and the currency pair vulnerable to a sudden pullback. The immediate support is seen at 0.7507 (Tuesday’s low), followed by the 10-day Simple Moving Average (SMA) at 0.7484. Daily chart Trend: Neutral Technical 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 Bitcoin dominance is on the rise, and altcoins will differ the most FX Street 2 years AUD/USD recovers just over 10 pips from session low on hopes for US fiscal stimulus. The daily chart still shows signs of uptrend fatigue. AUD/USD has recovered to 0.7557 from the session low of 0.7545, with investors cheering the growing prospect of more US fiscal stimulus. Senate Democratic leader Chuck Schumer was out on the wires a few minutes ago, stating that lawmakers are still talking on the coronavirus relief package and more talks are likely tonight (Tuesday, Eastern time). However, Schumer did not comment on how talks were progressing. Further, Senate Majority Leader Mitch McConnell told reporters early today… 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.
