AUD/USD is set to close the week virtually unchanged for the sixth consecutive week. AUD/USD gained about 40 pips from the daily lows on the back of some USD weakness after the release of the US Gross Domestic Product Annualized (GDP) for the second quarter which came in line with expectations at 4.1% while the Core Personal Consumption Expenditures for the second quarter came slightly below expectations at 2% versus 2.2% forecast. AUD/USD bulls have a slight advantage as the 50-period simple moving average (SMA) crossed above the 100 SMA. Resistances the upside are located near 0.7442 June 25 high and the 0.7485-0.7488-0.7494 area. AUD/USD 15-minute chart Spot rate: 0.7400 Relative change: 0.30% High: 0.7416 Low: 0.7369 Trend: Neutral Resistance 1: 0.7442 June 25 high Resistance 2: 0.7485-0.7488-0.7494 area, current week’s high, 200-period SMA (4h), 50-daily SMA Resistance 3: 0.7600 figureResistance 4: 0.7674 swing high Support 1: 0.7400 figure Support 2: 0.7380 June 26 low Support 3: 0.7364 June 28 high Support 4: 0.7345 congestion zone Support 5: 0.7310 current 2018 low 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 US Q2 GDP: Real final sales grew at the fastest pace in 12 years – NBF FX Street 5 years AUD/USD is set to close the week virtually unchanged for the sixth consecutive week. AUD/USD gained about 40 pips from the daily lows on the back of some USD weakness after the release of the US Gross Domestic Product Annualized (GDP) for the second quarter which came in line with expectations at 4.1% while the Core Personal Consumption Expenditures for the second quarter came slightly below expectations at 2% versus 2.2% forecast. AUD/USD bulls have a slight advantage as the 50-period simple moving average (SMA) crossed above the 100 SMA. Resistances the upside are located near 0.7442 June 25 high… 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.
