AUD/USD’s daily chart shows signs of bull fatigue. A pullback to the 10-day SMA could be seen. AUD/USD is now trading largely unchanged on the day near 0.7532, having printed a high of 0.7546 early today. The long upper wicks attached to the previous two daily candles indicate uptrend exhaustion and add credence to the above-70 or overbought reading on the 14-day Relative Strength Index. As such, a pullback to the 10-day Simple Moving Average (SMA) could be in the offing. The ascending SMA is currently located at 0.7468. A violation there would expose the Sept. 1 high of 0.7413. On the higher side, Monday’s peak price of 0.7578 is likely to offer resistance. Daily chart Trend: Bearish 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 Australia close to taking China to WTO over Barley tariffs FX Street 2 years AUD/USD's daily chart shows signs of bull fatigue. A pullback to the 10-day SMA could be seen. AUD/USD is now trading largely unchanged on the day near 0.7532, having printed a high of 0.7546 early today. The long upper wicks attached to the previous two daily candles indicate uptrend exhaustion and add credence to the above-70 or overbought reading on the 14-day Relative Strength Index. As such, a pullback to the 10-day Simple Moving Average (SMA) could be in the offing. The ascending SMA is currently located at 0.7468. A violation there would expose the Sept. 1 high of 0.7413.… 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.
