AUD/USD remains below 23.6% Fibonacci retracement on sluggish Aussie housing data. Mid-June low and the yearly bottom flash on bears’ watch-list. With the June month Aussie housing data declining below forecasts, the AUD/USD pair drops to the intra-day low of 0.6896 during early Tuesday. Australian Building Permits slip beneath -1.0% and -24.3% respective forecasts for MoM and YoY by registering -1.2% and -25.6% figures. As a result, June 17/18 highs around 0.6885/80 remains on sellers’ radar with the June month low of 0.6831 being the next target. However, depleting conditions of 14-day relative strength index (RSI) might disturb further declines. If not, then January bottom surrounding 0.6684 will become bears’ favorite. Alternatively, an upside clearance of 23.6% Fibonacci retracement of April – June downpour, at 0.6920, can trigger the pair’s fresh recovery towards July 25 low near 0.6942 and then to 21-day exponential moving average (EMA) level near 0.6970. AUD/USD daily chart Trend: Bearish 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 Bitcoin price prediction: BTC/USD flirting around $9,500-level, faces huge resistance upfront – Confluence Detector FX Street 4 years AUD/USD remains below 23.6% Fibonacci retracement on sluggish Aussie housing data. Mid-June low and the yearly bottom flash on bears' watch-list. With the June month Aussie housing data declining below forecasts, the AUD/USD pair drops to the intra-day low of 0.6896 during early Tuesday. Australian Building Permits slip beneath -1.0% and -24.3% respective forecasts for MoM and YoY by registering -1.2% and -25.6% figures. As a result, June 17/18 highs around 0.6885/80 remains on sellers' radar with the June month low of 0.6831 being the next target. However, depleting conditions of 14-day relative strength index (RSI) might disturb further declines.… 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.
