AUD/USD is trading 0.40% higher on Tuesday. Some recent USD weakness has sent the pair higher in the US session. AUD/USD 1-hour chart AUD has been performing well on the session as the risk environment in the financial markets is positive on Tuesday. As you can see from the hourly chart below over the last five hours the pair has pushed higher. So much so, that the pair is now testing the consolidation high at the black line near 0.6910. Before the move higher the pair broke the blue diagonal line on the downside and it looked like there could be a technical move lower. After some fundamental news, the pair broke higher and has now stalled near the highs of the session. As with most consolidation zones, the MACD was looking pretty flat. Now there has been a move higher the histogram has moved into the green and the signal lines look to be following higher. The Relative Strength Index indicator is now close to the overbought zone. There is still some room to the upside on the indicator but there could be a small pullback first. The ultimate target could be the red resistance zone near 0.6980 this level has been a strong rejection point on two occasions on the chart. If it does manage to break the psychological 0.70 could be next. The daily chart is still showing a strong uptrend and maybe this move and consolidation was just a retracement. Additional 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/USD: Risk of a dip towards 1.09 by the end of the year – Rabobank FX Street 2 years AUD/USD is trading 0.40% higher on Tuesday. Some recent USD weakness has sent the pair higher in the US session. AUD/USD 1-hour chart AUD has been performing well on the session as the risk environment in the financial markets is positive on Tuesday. As you can see from the hourly chart below over the last five hours the pair has pushed higher. So much so, that the pair is now testing the consolidation high at the black line near 0.6910. Before the move higher the pair broke the blue diagonal line on the downside and it looked like there could… 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.
