AUD/USD’s daily chart shows a bullish candlestick reversal and triangle breakout. A minor pullback before a rise to key resistance at 0.6832 could be seen if Australia’s data prints below estimates. AUD/USD confirmed a bullish breakout on Wednesday and could test the resistance at 0.6832 (June 18 low) today. The pair closed at 0.6797 on Wednesday, validating Monday’s bullish engulfing candle. Also, Wednesday’s close confirmed an upside break of a descending triangle pattern on the daily chart. Further, the 10- and 21-day moving averages have bottomed out and the 14-day relative strength index is reporting bullish conditions with an above-50 print. The moving average convergence divergence (MAC) histogram has also turned positive. So, the path of least resistance appears to be on the higher side. A rise to 0.6832, however, may be preceded by a minor pullback if the Australian exports for the month of July print well below estimates. The bullish, however, would be neutralized only if the spot finds acceptance below 0.6770. Daily chart Trend: Bullish Technical levels 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 UK’s legislation to stop no deal Brexit will be complete by Friday – Media reports FX Street 4 years AUD/USD's daily chart shows a bullish candlestick reversal and triangle breakout. A minor pullback before a rise to key resistance at 0.6832 could be seen if Australia's data prints below estimates. AUD/USD confirmed a bullish breakout on Wednesday and could test the resistance at 0.6832 (June 18 low) today. The pair closed at 0.6797 on Wednesday, validating Monday's bullish engulfing candle. Also, Wednesday's close confirmed an upside break of a descending triangle pattern on the daily chart. Further, the 10- and 21-day moving averages have bottomed out and the 14-day relative strength index is reporting bullish conditions with an above-50… 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.
