Aussie kicked lower in the Asia trading session into a familiar barrier at May 23rd low. Directional bias beginning to shift to the downside. Chinese Yuan rate pegged over 6.4 for the first time in a year, fueling Asia selloffs. AUD/USD, 1 Hour Spot rate: 0.7535 Relative change: (-0.1%) Trend: Bearish Support 1: 0.7522 (May 23rd low) Support 2: 0.7488 ( May 18th swing low) Support 3: 0.7447 (May 16th low) Resistance 1: 0.7548 (1 hour Kijun-sen, 50.0 Fibo retracement) Resistance 2: 0.7580 (Monday high) Resistance 3: 0.7605 ( Bullish recovery peak) The Aussie’s slow grind higher after bottoming out just above the 0.7400 major level in early May is beginning to falter, briefly consolidating before beginning to show signs of bullish weakness, with swings lower beginning to take out previous barriers as highs continue to be restricted. 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 Euro weakness is a welcome development for European Central Bank – NAB FX Street 5 years Aussie kicked lower in the Asia trading session into a familiar barrier at May 23rd low. Directional bias beginning to shift to the downside. Chinese Yuan rate pegged over 6.4 for the first time in a year, fueling Asia selloffs. AUD/USD, 1 Hour Spot rate: 0.7535 Relative change: (-0.1%) Trend: Bearish Support 1: 0.7522 (May 23rd low) Support 2: 0.7488 ( May 18th swing low) Support 3: 0.7447 (May 16th low) Resistance 1: 0.7548 (1 hour Kijun-sen, 50.0 Fibo retracement) Resistance 2: 0.7580 (Monday high) Resistance 3: 0.7605 ( Bullish recovery peak) The Aussie's slow grind higher after bottoming… 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.
