AUD/USD drops to the fresh low since February 2009. A six-week-old downward sloping trend line may offer a bounce below 0.6600. Bearish MACD continues to counter oversold RSI conditions. AUD/USD drops below 0.6600, low of 0.6596, during early Friday. In doing so the pair refreshes the 11-year low with the bearish MACD indicating further declines. With that mind, highs marked during late-February 2009, near 0.6550/45 are likely nearby support ahead of highlighting a downward sloping trend line since January 07, at 0.6540. Should there be a further weakness below 0.6540, 0.6500 round figure could flash on the chart. Alternatively, if oversold RSI conditions could trigger a pullback, buyers will target February 07 low near 0.6660. AUD/USD daily chart Trend: Bearish 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 China’s CommerceMin: Accelerating plans for further measures to support firms and economy FX Street 2 years AUD/USD drops to the fresh low since February 2009. A six-week-old downward sloping trend line may offer a bounce below 0.6600. Bearish MACD continues to counter oversold RSI conditions. AUD/USD drops below 0.6600, low of 0.6596, during early Friday. In doing so the pair refreshes the 11-year low with the bearish MACD indicating further declines. With that mind, highs marked during late-February 2009, near 0.6550/45 are likely nearby support ahead of highlighting a downward sloping trend line since January 07, at 0.6540. Should there be a further weakness below 0.6540, 0.6500 round figure could flash on the chart. Alternatively, if… 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.
