AUD/USD has been consolidating last week’s 100-pip bull move in the first two days of the week. The current pullback is likely coming to an end as it reached 0.7380, former congestion zone support. The consolidation is seen as a bull flag and a breakout above the trendline should send Aussie towards 0.7446 last week’s high. However, a bear breakout below 0.7380 can see AUD/USD retrace back towards 0.7345 current 2018 low. AUD/USD 15-minute chart Spot rate: 0.7397 Relative change: -0.23% High: 0.7425 Low: 0.7380 Trend: Bullish Resistance 1: 0.7410 June 20 high Resistance 2: 0.7446 last week’s high Resistance 3: 0.7476 May 29 low Resistance 4: 0.7500-0.7514 area, figure and last week’s low Support 1: 0.7391 intraday supply/demand zone Support 2: 0.7380 former congestion zone Support 3: 0.7345 current 2018 low Support 4: 0.7327 May 9, 2017 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 AUD/USD: bulls losing sight of 0.74 handle, but risk sentiment remains elevated FX Street 5 years AUD/USD has been consolidating last week's 100-pip bull move in the first two days of the week. The current pullback is likely coming to an end as it reached 0.7380, former congestion zone support. The consolidation is seen as a bull flag and a breakout above the trendline should send Aussie towards 0.7446 last week's high. However, a bear breakout below 0.7380 can see AUD/USD retrace back towards 0.7345 current 2018 low. AUD/USD 15-minute chart Spot rate: 0.7397 Relative change: -0.23% 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.
