AUD/USD is in a strong bear trend as the market is trading at a 32-month low. AUD/USD is approaching the 0.7000 round figure as the market is in a steep bear leg. The RSI and Stochastics are deeply in oversold while the MACD is in negative territories. The main targets to the downside are the 0.7000 figure and 0.6830 (January 15, 2016 low) on a strong break below 0.7000 figure. On the flip side, a break above 0.7085 (September 11 low) might lead to a correction up. AUD/USD 4-hour chart Spot rate: 0.7044 Relative change: -0.46% High: 0.7089 Low: 0.7041 Main trend: Bearish Resistance 1: 0.7085, September 11 low Resistance 2: 0.7144 September 5 low Resistance 3: 0.7200 figure August 15 low Support 1: 0.7000 figure Support 2: 0.6830 January 15, 2016 low Support 3: 0.6800 figure 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 WTI stays calm below $75 as markets don’t react to Baker Hughes report FX Street 4 years AUD/USD is in a strong bear trend as the market is trading at a 32-month low. AUD/USD is approaching the 0.7000 round figure as the market is in a steep bear leg. The RSI and Stochastics are deeply in oversold while the MACD is in negative territories. The main targets to the downside are the 0.7000 figure and 0.6830 (January 15, 2016 low) on a strong break below 0.7000 figure. On the flip side, a break above 0.7085 (September 11 low) might lead to a correction up. 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.
