AUD/USD remains mildly positive after clearing short-term key resistance. 21-day SMA guards immediate advances, bears will wait for a sustained break below 0.6585. AUD/USD registers modest gains to 0.6625 during the initial trading session on Thursday. The pair recently cleared a downward sloping trend line since January 01, 2020, with MACD turning bullish for the first time in two weeks. Even so, a 21-day SMA level of 0.6645 questions the short-term buyers, a break of which could escalate the recovery moves towards early February lows surrounding 0.6660. If at all Aussie prices manage to remain positive past-0.6660, 0.6700 and the previous month top surrounding 0.6775 will return to the chart. Alternatively, pair’s declines below resistance-turned-support, around 0.6600, will need validation from a sustained downtick of 0.6585. In doing so, sellers can take aim at 0.6525 and 0.6500 ahead of targeting the multi-year bottom close to 0.6430. 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 Bitcoin Cash Price Analysis: Bulls attempt to break above the triangle formation FX Street 2 years AUD/USD remains mildly positive after clearing short-term key resistance. 21-day SMA guards immediate advances, bears will wait for a sustained break below 0.6585. AUD/USD registers modest gains to 0.6625 during the initial trading session on Thursday. The pair recently cleared a downward sloping trend line since January 01, 2020, with MACD turning bullish for the first time in two weeks. Even so, a 21-day SMA level of 0.6645 questions the short-term buyers, a break of which could escalate the recovery moves towards early February lows surrounding 0.6660. If at all Aussie prices manage to remain positive past-0.6660, 0.6700 and the… 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.
