AUD/USD showed some resilience below 0.6600 mark and found some dip-buying interest. The technical set-up warrants some caution before positioning for any further positive move. The AUD/USD pair reversed an early dip to sub-0.6600 levels and attracted some buying just ahead of a support marked by 23.6% Fibonacci level of the 0.7041-0.6434 downfall. Currently hovering around the 0.6640 region, the pair has now moved back closer to two-week tops touched in reaction to the Fed’s surprise 50 bps rate cut on Tuesday. Meanwhile, the intraday uptick now seems to have lifted the pair beyond a year-to-date descending trend-line resistance, which is closely followed by 38.2% Fibo. level. However, technical indicators on the daily chart are yet to catch up with this week’s positive move and warrant some caution before positioning for any further appreciating move. Hence, it will be prudent to wait for a sustained strength beyond the 0.6660 region (38.2% Fibo. level), which if cleared, might be seen as a fresh trigger for bullish traders. The pair then might accelerate the positive move towards reclaiming the 0.6700 mark before eventually darting towards 50% Fibo. level, around the 0.6745-50 region. AUD/USD daily chart Technical levels to watch 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 EUR/USD: Euro is set to depreciate – ANZ FX Street 3 years AUD/USD showed some resilience below 0.6600 mark and found some dip-buying interest. The technical set-up warrants some caution before positioning for any further positive move. The AUD/USD pair reversed an early dip to sub-0.6600 levels and attracted some buying just ahead of a support marked by 23.6% Fibonacci level of the 0.7041-0.6434 downfall. Currently hovering around the 0.6640 region, the pair has now moved back closer to two-week tops touched in reaction to the Fed's surprise 50 bps rate cut on Tuesday. Meanwhile, the intraday uptick now seems to have lifted the pair beyond a year-to-date descending trend-line resistance, which… 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.