The Chairman of the Federal Reserve Bank of the US, Jerome Powell is set to speak at 17:30 GMT which can cause a lot of volatility in USD-related pairs. AUD/USD has retraced about 61.8% of the losses made on Wednesday, suggesting that the pullback up might be coming to an end. Additionally, AUD/USD is trading inside a rising wedge which is a rather bearish clue. AUD/USD bulls will now try to defend the 0.7400 figure while bears will try hard to push below it. AUD/USD 15-minute chart Spot rate: 0.7414 Relative change: 0.65% High: 0.7421 Low: 0.7360 Trend: Bearish Resistance 1: 0.7442 June 25 high Resistance 2: 0.7485-0.7488-0.7494 current week’s high, 200-period SMA (4h), 50-daily SMA Resistance 3: 0.7600 figure Resistance 4: 0.7674 swing high Support 1: 0.7400 figure Support 2: 0.7380 June 26 low Support 3: 0.7364 June 28 high Support 4: 0.7345 congestion zone Support 5: 0.7310 current 2018 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 Ethereum Technical Analysis: ETH/USD retraces Wednesday’s gains, bears eye $400 FX Street 5 years The Chairman of the Federal Reserve Bank of the US, Jerome Powell is set to speak at 17:30 GMT which can cause a lot of volatility in USD-related pairs. AUD/USD has retraced about 61.8% of the losses made on Wednesday, suggesting that the pullback up might be coming to an end. Additionally, AUD/USD is trading inside a rising wedge which is a rather bearish clue. AUD/USD bulls will now try to defend the 0.7400 figure while bears will try hard to push below it. AUD/USD 15-minute 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.
