“¢ Overnight goodish rebound stalls at 50% Fibonacci retracement level of this week’s downfall from the 0.7480-85 supply zone. “¢ Upbeat Chinese trade data did provide a minor lift, albeit a goodish pickup in the USD demand capped any meaningful up-move. “¢ A follow-through weakness below a confluence support comprising of 38.2% Fibo. level and 200-hour SMA points to the resumption of the prior weakening trend. AUD/USD 1-hourly chart Spot rate: 0.7402 Daily High: 0.7422 Trend: Turning bearish again Resistance R1: 0.7422 (current day swing high) R2: 0.7457 (R2 daily pivot-point) R3: 0.7484 (weekly tops set on Tuesday) Support S1: 0.7372 (S1 daily pivot-point) S2: 0.7360 (overnight swing low) S3: 0.7335 (horizontal zone. 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 French FinMin Le Maire: US rejects French request for Iran exemptions – Le Figaro FX Street 5 years "¢ Overnight goodish rebound stalls at 50% Fibonacci retracement level of this week's downfall from the 0.7480-85 supply zone. "¢ Upbeat Chinese trade data did provide a minor lift, albeit a goodish pickup in the USD demand capped any meaningful up-move. "¢ A follow-through weakness below a confluence support comprising of 38.2% Fibo. level and 200-hour SMA points to the resumption of the prior weakening trend. AUD/USD 1-hourly chart Spot rate: 0.7402 Daily High: 0.7422 Trend: Turning bearish again Resistance R1: 0.7422 (current day swing high) R2: 0.7457 (R2 daily pivot-point) R3: 0.7484… 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.
