AUD/USD prints two-day winning streak inside a bearish chart pattern. Bullish MACD, short-term rising chart also favors further upside to 200-HMA. AUD/USD teases intraday top of 0.7726, currently up 0.33% around 0.7721, while heading into the European session on Wednesday. In doing so, the aussie pair extends while portraying an upward sloping channel. However, the quote’s previous downward trajectory from January 14, coupled with the sustained trading below 200-HMA, highlight the bearish flag chart play that keeps AUD/USD sellers hopeful. Though, the currently upside momentum eyes 200-HMA, at 0.7730 now, before receding from the stated channel’s resistance line near 0.7740. Should AUD/USD buyers defy the bearish chart formation by cross 0.7740, their run-up to the monthly top close to the 0.7820 can’t be ruled out. During the rise, January 14 top around 0.7800 can act as an intermediate halt. Alternatively, a downside break below 0.7695 will confirm the bearish chart pattern and direct AUD/USD sellers towards the theoretical target near mid-0.7500s. The bears may catch a breather around the monthly low of 0.7642 while declining from 0.7695 towards 0.7545. AUD/USD hourly chart Trend: Pullback 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 NAB: Biden stimulus plan will support better growth, better oil demand in US – Reuters FX Street 2 years AUD/USD prints two-day winning streak inside a bearish chart pattern. Bullish MACD, short-term rising chart also favors further upside to 200-HMA. AUD/USD teases intraday top of 0.7726, currently up 0.33% around 0.7721, while heading into the European session on Wednesday. In doing so, the aussie pair extends while portraying an upward sloping channel. However, the quote’s previous downward trajectory from January 14, coupled with the sustained trading below 200-HMA, highlight the bearish flag chart play that keeps AUD/USD sellers hopeful. Though, the currently upside momentum eyes 200-HMA, at 0.7730 now, before receding from the stated channel’s resistance line near 0.7740.… 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.
