AUD/USD fails to keep the previous day’s upside momentum. 100-HMA, one-week-old rising trend line offers immediate support. Bulls need to refresh monthly high to retake the controls. AUD/USD drops to the intraday low of 0.7545, currently at 0.7548, while marking a 0.16% decline on a day during early Wednesday. The aussie pair benefited from upbeat market sentiment the previous day but the recent cautious mood ahead of the key US stimulus announcements and Fed decision, coupled with the Aussie-China tussle, weigh on the quote. However, a joint of 100-HMA and an ascending trend line from December 09, around 0.7530, will restrict the pair’s immediate downside. Also acting as the key support is an upward sloping trend line from December 07, at 0.7513 now, as well as the 0.7500 round-figure. If at all the risks remain heavy and weigh the quote past-0.7500, December 09 top near 0.7485 can lure the AUD/USD sellers. On the contrary, recent tops near 0.7580 can offer nearby resistance to the quote ahead of directing AUD/USD bulls toward the 0.7600 threshold. Though, any further upside will not refrain from challenging June 2018 peak near 0.7680. 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 Japan’s Nishimura: Protecting jobs, economy with fiscal spending FX Street 2 years AUD/USD fails to keep the previous day’s upside momentum. 100-HMA, one-week-old rising trend line offers immediate support. Bulls need to refresh monthly high to retake the controls. AUD/USD drops to the intraday low of 0.7545, currently at 0.7548, while marking a 0.16% decline on a day during early Wednesday. The aussie pair benefited from upbeat market sentiment the previous day but the recent cautious mood ahead of the key US stimulus announcements and Fed decision, coupled with the Aussie-China tussle, weigh on the quote. However, a joint of 100-HMA and an ascending trend line from December 09, around 0.7530, will… 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.
