AUD/USD is trading near 0.7795 at press time, having faced rejection near Wednesday’s high of 0.7820 early today. The pair now looks to be forming a double top pattern on the hourly chart. A violation of the neckline support of 0.7762 would confirm a double top breakdown or bearish reversal and open the doors for at least 30 pip move to the downside. The broader bias will remain bullish as long as the ascending 10-day Simple Moving Average (SMA) support is held intact. The SMA is currently located at 0.7674. Hourly chart Trend: Pullback 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 EUR/GBP Price Analysis: Bulls battle 50% Fibonacci retracement on the way to 0.9100 FX Street 11 months AUD/USD is trading near 0.7795 at press time, having faced rejection near Wednesday's high of 0.7820 early today. The pair now looks to be forming a double top pattern on the hourly chart. A violation of the neckline support of 0.7762 would confirm a double top breakdown or bearish reversal and open the doors for at least 30 pip move to the downside. The broader bias will remain bullish as long as the ascending 10-day Simple Moving Average (SMA) support is held intact. The SMA is currently located at 0.7674. Hourly chart Trend: Pullback Technical levels Top 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.
