The AUD/USD hourly chart shows a bearish price-relative strength index (RSI) divergence. The bearish setup on the hourly chart adds credence to rejection at downward sloping (bearish) 50-candle moving average (MA) on 4-hour chart and descending (bearish) 10-day MA and indicates scope for a drop to 0.74. Hourly chart Spot Rate: 0.7422 Daily High: 0.7444 Daily Low: 0.7419 Trend: Bearish Resistance R1: 0.7444 (10-day MA) R2: 0.7475 (May 29 low) R3: 0.7543 (bearish 50-day MA) Support S1: 0.7399 (5-day MA) S2: 0.7345 (June 21 low) S3: 0.7319 (May 2017 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 PBOC sets the Yuan midpoint rate at 6.4893 FX Street 4 years The AUD/USD hourly chart shows a bearish price-relative strength index (RSI) divergence. The bearish setup on the hourly chart adds credence to rejection at downward sloping (bearish) 50-candle moving average (MA) on 4-hour chart and descending (bearish) 10-day MA and indicates scope for a drop to 0.74. Hourly chart Spot Rate: 0.7422 Daily High: 0.7444 Daily Low: 0.7419 Trend: Bearish Resistance R1: 0.7444 (10-day MA) R2: 0.7475 (May 29 low) R3: 0.7543 (bearish 50-day MA) Support S1: 0.7399 (5-day MA) S2: 0.7345 (June 21 low) S3: 0.7319 (May 2017 low) 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.
