AUD/USD is bouncing from the 2019 low after several days of intense selling. The selling pressure persists on the Aussie as bulls fail to generate any meaningful recovery for now. AUD/USD daily chart The Aussie is trading in a bear trend below the main daily simple moving averages (DSMAs). The market is correcting up after reaching a new 2019 low at the 0.6763 level this Friday. AUD/USD 4-hour chart The Aussie is trading in a steep bear trend below its main SMAs. Sellers want to break below 0.6798 to reach 0.6780 and 0.6759 support on the way down, according to the Technical Confluences Indicator. AUD/USD 30-minute chart The bulls have tried to break above 0.6809 resistance and the 50 SMA but have not been able to pierce above it. A break above this level is necessary for bulls to reach 0.6823, 0.6837, 0.6868 resistances on the way up. Additional key levels 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 China’s new UN ambassador Zhang Jun: New US tariffs ‘an irrational, irresponsible act’ FX Street 4 years AUD/USD is bouncing from the 2019 low after several days of intense selling. The selling pressure persists on the Aussie as bulls fail to generate any meaningful recovery for now. AUD/USD daily chart The Aussie is trading in a bear trend below the main daily simple moving averages (DSMAs). The market is correcting up after reaching a new 2019 low at the 0.6763 level this Friday. AUD/USD 4-hour chart The Aussie is trading in a steep bear trend below its main SMAs. Sellers want to break below 0.6798 to reach 0.6780 and… 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.
