AUD/USD refreshes intraday low after rising over 30 pips on Aussie employment data. Break of 21-day SMA drags the quote to a 50% Fibonacci retracement and six-week-old support line. Bulls need a daily closing beyond 0.7350 for fresh entries. AUD/USD stands on a slippery ground while trading near 0.7265, intraday low of 0.7261, during the early Thursday. In doing so, the quote not only reverses its recent gains, grabbed after Australia’s August month employment data, but also stops the bulls after consecutive four days of run-up. It should additionally be noted that the pair’s declines below the 21-day SMA highlight 50% of the Fibonacci retracement of its August-September upside, at 0.7245. However, an upward sloping trend line from August 03 and 61.8% Fibonacci retracement level, respectively around 0.7215 and 0.7205, can challenge the bears before pleasing them with 50-day SMA, currently around .7180. Alternatively, the 0.7300 round-figure may keep entertaining the short-term traders while a daily close beyond 0.7350 may direct the bulls towards the monthly peak of 0.7416. It’s worth mentioning that the pair’s sustained rise past-0.7416 might not hesitate to question the July 2018 top near 0.7485. AUD/USD daily chart Trend: Further weakness 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 EUR/USD drops to 50-day SMA for first since May as dollar rises FX Street 2 years AUD/USD refreshes intraday low after rising over 30 pips on Aussie employment data. Break of 21-day SMA drags the quote to a 50% Fibonacci retracement and six-week-old support line. Bulls need a daily closing beyond 0.7350 for fresh entries. AUD/USD stands on a slippery ground while trading near 0.7265, intraday low of 0.7261, during the early Thursday. In doing so, the quote not only reverses its recent gains, grabbed after Australia’s August month employment data, but also stops the bulls after consecutive four days of run-up. It should additionally be noted that the pair’s declines below the 21-day SMA highlight… 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.