AUD/USD trades in the green above 0.7160 at press time. The pair charted a bullish marubozu candle on Monday, reinforcing uptrend. AUD/USD is currently trading at 0.7164, representing a 0.20% gain on the day, having hit a session high of 0.7177 a few minutes before press time. The pair carved out a bullish marubozu candle on Monday. A bullish marubozu candle comprises a prominent body and little or no wicks and occurs when the bulls control the price action throughout the 24-hour period. As such, it is considered a strong bullish signal. Monday’s bullish marubozu also validated dip demand 0.7064 suggested by the long lower wick attached to Friday’s candle. As such, the pair looks set to print a new monthly high above the July 22 high of 0.7183. The immediate resistance is seen at 0.7206 (April 2019 high). On the lower side, Friday’s low of 0.7064 is the level to beat for the sellers. Daily chart Trend: Bullish 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 NZ Foreign Minister Peters announces suspension of its extradition treaty with Hong Kong FX Street 3 years AUD/USD trades in the green above 0.7160 at press time. The pair charted a bullish marubozu candle on Monday, reinforcing uptrend. AUD/USD is currently trading at 0.7164, representing a 0.20% gain on the day, having hit a session high of 0.7177 a few minutes before press time. The pair carved out a bullish marubozu candle on Monday. A bullish marubozu candle comprises a prominent body and little or no wicks and occurs when the bulls control the price action throughout the 24-hour period. As such, it is considered a strong bullish signal. Monday's bullish marubozu also validated dip demand 0.7064… 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.
