The Aussie is double-bottoming off a key level from May 2017. Bullish momentum is fueled by USD sell-off rather than Aussie buying, downside still remains the risk. With technical indicators leaning towards overbought conditions, buyers should wait for a pullback before pulling the trigger. AUD/USD Chart, 15-Minute Spot rate: Â Â Â Â Â Â Â 0.7388 Relative change: 0.25% High: Â Â Â Â Â Â Â Â Â Â 0.7392 Low: Â Â Â Â Â Â Â Â Â Â 0.7369 Trend: Â Â Â Â Â Â Â Â Â Flat Support 1: Â Â Â Â Â Â 0.7369 (current day low) Support 2: Â Â Â Â Â Â 0.7347 (key support; double bounce region) Support 3: Â Â Â Â Â Â 0.7315 (161.8% Fibo level) Resistance 1: Â Â Â 0.7408 (June 20th swing high) Resistance 2: Â Â Â 0.7450 (R3 daily pivot) Resistance 3: Â Â Â 0.7483 (23.6% weekly Fibo level) 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 PBOC sets USD/ CNY reference rate for today at 6.4804 FX Street 4 years The Aussie is double-bottoming off a key level from May 2017. Bullish momentum is fueled by USD sell-off rather than Aussie buying, downside still remains the risk. With technical indicators leaning towards overbought conditions, buyers should wait for a pullback before pulling the trigger. AUD/USD Chart, 15-Minute Spot rate: Â Â Â Â Â Â Â 0.7388 Relative change: 0.25% High: Â Â Â Â Â Â Â Â Â Â 0.7392 Low: Â Â Â Â Â Â Â Â Â Â 0.7369 Trend: Â Â Â Â Â Â Â Â Â Flat Support 1: Â Â Â Â Â Â 0.7369… Top 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.
