AUD/USD has pulled back from session highs and risks falling below 0.66. The 15-minute chart shows an ascending channel breakdown. AUD/USD is now trading largely unchanged on the day at 0.6615, having put in a session high of 0.6635 an hour ago. The retreat from session highs has confirmed a rising channel breakdown on the 15-minute chart. The pattern indicates the bounce from Wednesday’s low of 0.6567 has ended and the bigger retreat from the high of 0.6675 observed earlier this week has resumed. The rejection at 0.6635 has also reinforced the bearish view put forward by the double top breakdown confirmed on the 15-minute chart on Wednesday. As a result, a re-test of Wednesday’s low of 0.6567 cannot be ruled out. On the higher side, a daily close above the 200-day simple moving average (SMA) at 0.6653 is needed to revive the bullish trend from March lows below 0.56. The pair failed to close above that average for the second consecutive day on Wednesday. 15-min 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 Pro-democracy lawmakers removed from Hong Kong legislative council – Reuters FX Street 3 years AUD/USD has pulled back from session highs and risks falling below 0.66. The 15-minute chart shows an ascending channel breakdown. AUD/USD is now trading largely unchanged on the day at 0.6615, having put in a session high of 0.6635 an hour ago. The retreat from session highs has confirmed a rising channel breakdown on the 15-minute chart. The pattern indicates the bounce from Wednesday's low of 0.6567 has ended and the bigger retreat from the high of 0.6675 observed earlier this week has resumed. The rejection at 0.6635 has also reinforced the bearish view put forward by the double top… 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.
