AUD/USD reached a new 2018 low at 0.7345 this Thursday as the market almost reached the May 9, 2017 swing low at 0.7327. AUD bulls are now trading above the hourly 50-period simple moving average as they are trying to form a double bottom with Tuesday’s low. Although the main trend is bearish, the bear momentum is starting to slow down as the bulls are trying to create a reversal after reaching the new 2018 low. AUD/USD 15-minute chart Spot rate: 0.7382 Relative change: 0.20% High: 0.7395 Low: 0.7345 Trend: Neutral to bullish above 0.7345 Resistance 1: 0.7412, former 2018 low (May 9) Resistance 2: 0.7445 May 16 low Resistance 3: 0.7476 May 29 low Resistance 4: 0.7500-0.7514 area, figure and last week’s low Support 1: 0.7345, current 2018 low Support 2: 0.7327, May 9, 2017 low Support 3: 0.7200 figure 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 AUD/USD rebounds toward 0.74 as greenback fails to regain strength FX Street 5 years AUD/USD reached a new 2018 low at 0.7345 this Thursday as the market almost reached the May 9, 2017 swing low at 0.7327. AUD bulls are now trading above the hourly 50-period simple moving average as they are trying to form a double bottom with Tuesday's low. Although the main trend is bearish, the bear momentum is starting to slow down as the bulls are trying to create a reversal after reaching the new 2018 low. AUD/USD 15-minute chart Spot rate: 0.7382 Relative change: 0.20% … 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.
