AUD/USD is bouncing from the 2019 low after two weeks of intense selling. Above 0.6862, the correction can extend towards 0.6890 and 0.6930 resistances. AUD/USD daily chart The Aussie is trading in a bear trend below its main daily simple moving averages (DSMAs). The market is correcting up after reaching a new 2019 low at the 0.6828 level. AUD/USD 4-hour chart The Aussie is trading below its main SMAs as the market is challenging the June lows. Sellers would need to overcome 0.6847 support to continue the downward trajectory towards the 0.6830 and 0.6819 level, according to the Technical Confluences Indicator. AUD/USD 30-minute chart The market is challenging the 0.6862 resistance and the 50 SMA. A break above this level can open the doors to a more significant correction towards 0.6890 and 0.6930, according to the Technical Confluences Indicator. 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 GBP/USD rebounds back to the 1.2150 area, supported by a retreat of the US Dollar FX Street 4 years AUD/USD is bouncing from the 2019 low after two weeks of intense selling. Above 0.6862, the correction can extend towards 0.6890 and 0.6930 resistances. AUD/USD daily chart The Aussie is trading in a bear trend below its main daily simple moving averages (DSMAs). The market is correcting up after reaching a new 2019 low at the 0.6828 level. AUD/USD 4-hour chart The Aussie is trading below its main SMAs as the market is challenging the June lows. Sellers would need to overcome 0.6847 support to continue the downward trajectory towards the 0.6830… 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.
