AUD/USD is trading in a bear trend. AUD/USD has found support at the 0.7200 figure for the third consecutive day. The 100-period simple moving average is also supporting the market while the RSI, MACD and Stochastics indicators are supportive of higher prices. If bulls can continue to gain traction above 0.7200 figure, targets to the upside can become the 0.7294-0.7307 zone (August 13 high, 50 DMA) and 0.7383 (August 21 high). On the flip side, a bear breakout below 0.7200 would open the gates to 0.7144 (September 5 low) AUD/USD 4-hour chart Spot rate: 0.7227 Relative change: 0.08% High: 0.7233 Low: 0.7206 Main trend: Bearish Resistance 1: 0.7236 August 24 low Resistance 2: 0.7255 August 13 low Resistance 3: 0.7294-0.7307 August 13 high, 50 DMA Resistance 4: 0.7383 August 21 high Resistance 5: 0.7485 July 10 high Support 1: 0.7200 figure August 15 low Support 2: 0.7144 September 5 low Support 3: 0.7085, current 2018 low Support 4: 0.7000 figure Support 5: 0.6830 January 15, 2016 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 Canada: USMCA won’t be a huge game changer for growth – CIBC FX Street 4 years AUD/USD is trading in a bear trend. AUD/USD has found support at the 0.7200 figure for the third consecutive day. The 100-period simple moving average is also supporting the market while the RSI, MACD and Stochastics indicators are supportive of higher prices. If bulls can continue to gain traction above 0.7200 figure, targets to the upside can become the 0.7294-0.7307 zone (August 13 high, 50 DMA) and 0.7383 (August 21 high). On the flip side, a bear breakout below 0.7200 would open the gates to 0.7144 (September 5 low) AUD/USD 4-hour chart Spot rate: … 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.
