AUD/USD is currently trading at 0.7180, having clocked a high of 0.72 earlier today. That is the second rejection at 0.72 in five days. Therefore, 0.72 is the level to beat for the bulls. A close above that could be followed by a quick rally to 0.7295 (Jan. 31 high). On the downside, a break below 0.7070 (the low of big bearish outside-day carved out on Feb. 21) is needed to put the bears in a commanding position. So, for now, the pair is trapped in a no man’s land of 0.7070-0.72. Daily chart Trend: Neutral 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 REC: UK employers’ confidence in economy slides before Brexit – Reuters FX Street 4 years AUD/USD is currently trading at 0.7180, having clocked a high of 0.72 earlier today. That is the second rejection at 0.72 in five days. Therefore, 0.72 is the level to beat for the bulls. A close above that could be followed by a quick rally to 0.7295 (Jan. 31 high). On the downside, a break below 0.7070 (the low of big bearish outside-day carved out on Feb. 21) is needed to put the bears in a commanding position. So, for now, the pair is trapped in a no man's land of 0.7070-0.72. Daily chart Trend: Neutral 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.
