Ahead of the Asian session, AUD/USD continues to move in an ascendant channel currently near the upper limit suggesting that a correction could take place, particularly if price breaks under 0.7430. Key short-term support at 0.7406/12 (uptrend line): a consolidation below would negate the upside bias, exposing 0.7385. To the upside, above 0.7450/55, the Aussie would gain support to more gains, with a potential target at 0.7480/85. On the daily chart, the pair continues to move sideways. The last seven weekly closes have been between 0.7400 and 0.7445. AUD/USD Chart, 15-Minute Spot rate: 0.7437 High: 0.7440 Low: 0.7401 Trend: Bullish Resistance 1: 0.7450 Resistance 2: 0.7485Resistance 3: 0.7500 Support 1: 0.7410 Support 2: 0.7385 Support 3: 0.7360 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 Euro macro: eurozone recovery to continue at a more modest rate – ABN FX Street 5 years Ahead of the Asian session, AUD/USD continues to move in an ascendant channel currently near the upper limit suggesting that a correction could take place, particularly if price breaks under 0.7430. Key short-term support at 0.7406/12 (uptrend line): a consolidation below would negate the upside bias, exposing 0.7385. To the upside, above 0.7450/55, the Aussie would gain support to more gains, with a potential target at 0.7480/85. On the daily chart, the pair continues to move sideways. The last seven weekly closes have been between 0.7400 and 0.7445. AUD/USD Chart, 15-Minute 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.
