AUD/USD fails to overcome the previous day’s losses from 0.7277. 50-bar SMA, one-week-old support line questions further selling. Monthly rising trend line adds to the downside rest-points, 0.7200 offers immediate resistance. Despite staying beyond the intraday low of 0.7165, AUD/USD remains depressed near 0.7185 while heading into the European open on Thursday. In doing so, the aussie pair takes rounds to a short-term key support confluence comprising 50-bar SMA and an ascending trend line from August 12. However, failures to cross 23.6% Fibonacci retracement of its upside from July 14, at 0.7195 now, challenge the bulls. Additionally, March month high near 0.7200 and the recent top around 0.7265, followed by the year 2019 peak surrounding 0.7300, also probe the optimists. As a result, the bears are looking for entries and await a clear downside break of 0.7180 support to visit 38.2% Fibonacci retracement and monthly support line around 0.7140. During the pair’s further weakness past-0.7140, 200-bar SMA and 50% Fibonacci retracement level may challenge the sellers around 0.7110-0.7100. AUD/USD four-hour 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 Yearn.finance Price Forecast: YFI/USD DeFi charming giant rockets to $13,000, what next? FX Street 2 years AUD/USD fails to overcome the previous day’s losses from 0.7277. 50-bar SMA, one-week-old support line questions further selling. Monthly rising trend line adds to the downside rest-points, 0.7200 offers immediate resistance. Despite staying beyond the intraday low of 0.7165, AUD/USD remains depressed near 0.7185 while heading into the European open on Thursday. In doing so, the aussie pair takes rounds to a short-term key support confluence comprising 50-bar SMA and an ascending trend line from August 12. However, failures to cross 23.6% Fibonacci retracement of its upside from July 14, at 0.7195 now, challenge the bulls. Additionally, March month high… 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.
