100-day simple moving average (SMA) level of 0.7135 again proves itself as an important support for the AUD/USD pair during early Monday. The quote has been struggling near the said SMA but fails to dip beneath the same while nearly two-month-old ascending triangle seems to limit the pair moves between the 0.7085 support and 0.7210 resistance. It should be noted that 0.7100 may offer an intermediate halt of the quote slid beneath 0.7135 whereas 23.6% Fibonacci retracement of January month upside at 0.7165 and 200-day SMA level of 0.7190 might act as upside buffers during the pullback. In a case where prices rally past-0.7210, 0.7235 and 0.7275 could entertain buyers ahead of renewing the hops to revisit January highs near 0.7300. On the flipside, 0.7050, 0.7010 and 0.6980 are likely crucial supports for the bears to watch past-0.7085. AUD/USD daily chart Trend: Sideways 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 Forex Today: CAD rallies in sync with Oil amid Easter Monday sleep mode trading FX Street 4 years 100-day simple moving average (SMA) level of 0.7135 again proves itself as an important support for the AUD/USD pair during early Monday. The quote has been struggling near the said SMA but fails to dip beneath the same while nearly two-month-old ascending triangle seems to limit the pair moves between the 0.7085 support and 0.7210 resistance. It should be noted that 0.7100 may offer an intermediate halt of the quote slid beneath 0.7135 whereas 23.6% Fibonacci retracement of January month upside at 0.7165 and 200-day SMA level of 0.7190 might act as upside buffers during the pullback. In a case… 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.
