The major AUD/USD pair double-bounced off of the 61.8% Fibo retracement level twice last week, but bullish momentum remains limited as the US Dollar looks primed for further upside on impending US Fed rate hikes. July has been a consolidation month for the Aussie-Dollar, and traders should be looking for a momentum swing to break the current high/low barriers before picking a direction. AUD/USD Chart, 15-Minute Spot rate: 0.7398 Relative change: Negligible High: 0.7403 Low: 0.7395 Trend: Flat to bearish Support 1: 0.7373 (61.8% Fibo retracement level) Support 2: 0.7358 (previous week low) Support 3: 0.7317 (two week low) Resistance 1: 0.7414 (Friday swing high) Resistance 2: 0.7463 (previous week high) Resistance 3: 0.7483 (one month high) 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 EU judges could get final say in Brexit disputes – UK Times FX Street 5 years The major AUD/USD pair double-bounced off of the 61.8% Fibo retracement level twice last week, but bullish momentum remains limited as the US Dollar looks primed for further upside on impending US Fed rate hikes. July has been a consolidation month for the Aussie-Dollar, and traders should be looking for a momentum swing to break the current high/low barriers before picking a direction. AUD/USD Chart, 15-Minute Spot rate: 0.7398 Relative change: Negligible High: 0.7403 Low: 0.7395 Trend: Flat to bearish Support 1: 0.7373 (61.8% Fibo retracement level) Support 2: … 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.
