Aussie slumps away from early week’s attempted climb, US Dollar still preferred. A thin macro calendar leaves the Aussie at the bottom of the barrel. The AUD/USD is trading just beneath 0.7560 heading through the overnight session after a flat Monday that saw little movement from last week’s close. The Aussie climbed for the early stages of Monday, peaking at 0.7580, but flows reversed direction through Europe and the pair is back into last Friday’s closing figures near the 0.7550 level as confidence continues to wane in the Oceanic markets. A limited economic schedule this week, and nothing on the horizon until Wednesday for the AUD/USD, leaves the pair fully exposed to broader market sentiment, and risk flows will decide the pair’s fate for Tuesday. AUD/USD levels to watch FXStreet’s Valeria Bednarik highlighted the pair’s technical barriers looking forward: “the 4 hours chart shows that the pair was unable to surpass a modestly bearish 200 SMA, also limited by a daily descendant trend line coming from 0.7604. In the same chart, technical indicators are slowly grinding lower right below their mid-lines, but the downward momentum is limited, not enough to confirm additional slides ahead. The key support is 0.7505, the 23.6% retracement of the latest weekly decline, while to the upside, the mentioned trend line and the 200 SMA converge at around 0.7580, providing an immediate ahead of a more relevant one at 0.7620, the 50% retracement of the mentioned decline.” Support levels: 0.7505 0.7470 0.7430 Resistance levels: 0.7580 0.7620 0.7650 View Live Chart for the AUD/USD 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 South Korea’s Moon not representing US interests in upcoming summit – Wall Street Journal FX Street 5 years Aussie slumps away from early week's attempted climb, US Dollar still preferred. A thin macro calendar leaves the Aussie at the bottom of the barrel. The AUD/USD is trading just beneath 0.7560 heading through the overnight session after a flat Monday that saw little movement from last week's close. The Aussie climbed for the early stages of Monday, peaking at 0.7580, but flows reversed direction through Europe and the pair is back into last Friday's closing figures near the 0.7550 level as confidence continues to wane in the Oceanic markets. A limited economic schedule this week, and nothing on the… 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.
