AUD/USD defies Friday’s halt to five-day winning streak while refreshing the intraday high. Bearish MACD fails to disappoint buyers cheering a sustained move beyond short-term SMAs. Monthly resistance line on bulls’ radars, sellers can aim for the key Fibonacci retracements before the monthly low. AUD/USD rises to 0.7310, up 0.28% intraday, during early Monday’s trading. The aussie pair recently refreshed the intraday high to 0.7314 while carrying its U-turn from the 10-day and 21-day SMA confluence. In doing so, the quote ignores bearish MACD while also parting ways from Friday’s downbeat performance. Considering the pullback from the key SMA joint, AUD/USD prices may attack the falling trend line from September 01, at 0.7327 now, during the further recoveries. However, the pair’s upside past-0.7327 becomes doubtful, which if happen needs to cross last week’s top near 0.7350 before directing the bulls towards the August 31 top close to 0.7415. Meanwhile, a daily closing below 0.7285/80 support confluence will attack 50% and 61.8% Fibonacci retracements of AUD/USD upside marked in August, respectively around 0.7245 and 0.7205. In a case where the bears dominate past-0.7205, the monthly bottom near 0.7190 will be the key to watch. AUD/USD daily chart Trend: Further recovery 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 No signs of ‘V’-shaped recovery in British manufacturing sector – Make UK/ BDO survey FX Street 2 years AUD/USD defies Friday’s halt to five-day winning streak while refreshing the intraday high. Bearish MACD fails to disappoint buyers cheering a sustained move beyond short-term SMAs. Monthly resistance line on bulls’ radars, sellers can aim for the key Fibonacci retracements before the monthly low. AUD/USD rises to 0.7310, up 0.28% intraday, during early Monday’s trading. The aussie pair recently refreshed the intraday high to 0.7314 while carrying its U-turn from the 10-day and 21-day SMA confluence. In doing so, the quote ignores bearish MACD while also parting ways from Friday’s downbeat performance. Considering the pullback from the key SMA joint,… 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.
