AUD/USD is resing up at a key Fibonacci support level and prior daily lows. AUD/USD is pressured below falling moving averages. AUD/USD is trading around the 61.8%% Fibonacci retracement of the Oct swing lows to Nov swing highs around 0.6770. The pair has been falling from the vicinity of the 200-Day moving average and fell through the 21-DMA mid-month to open the flood gates for a low of 0.6769. Falling RSI on a daily and short term basis are laving a bearish picture for the pair and bears eye a break to the 78.65 Fibo of the aforementioned range that meets the 16th October lows. This area guards the double bottom target of the Oct lows at 0.6670. On the flip-side, bulls need to get back above the 21-DMA and then the 23.6% Fibonacci level that meets the 15th and 16th double tp highs as a resistance around 0.6875. AUD/USD daily chart 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 USD/CNH dips below 200-hour MA as US and China reach consensus on trade issues FX Street 3 years AUD/USD is resing up at a key Fibonacci support level and prior daily lows. AUD/USD is pressured below falling moving averages. AUD/USD is trading around the 61.8%% Fibonacci retracement of the Oct swing lows to Nov swing highs around 0.6770. The pair has been falling from the vicinity of the 200-Day moving average and fell through the 21-DMA mid-month to open the flood gates for a low of 0.6769. Falling RSI on a daily and short term basis are laving a bearish picture for the pair and bears eye a break to the 78.65 Fibo of the aforementioned range… 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.
