“¢ The pair finally broke out of its European session consolidation phase and rallied beyond the 0.7100 handle to over one-week tops in the last hour. “¢ The up-move marked a near-term bullish break through the neckline resistance of an inverted Head & Shoulders chart pattern on the 1-hourly chart. “¢ Technical indicators on the mentioned chart are holding comfortably in positive territory and support prospects for an extension of the breakout momentum. “¢ However, indicators on the daily chart are yet to catch up with the positive move, indicating that the latest leg of uptick could have been sparked by some buy stops. “¢ Hence, it would be prudent to wait for a strong follow-through buying before positioning for any further up-move ahead of Australian Q3 CPI print on Wednesday. AUD/USD 1-hourly chart AUD/USD Overview: Last Price: 0.7117 Daily change: 62 pips Daily change: 0.879% Daily Open: 0.7055 Trends: Daily SMA20: 0.7097 Daily SMA50: 0.718 Daily SMA100: 0.7286 Daily SMA200: 0.7509 Levels: Daily High: 0.7111 Daily Low: 0.705 Weekly High: 0.7128 Weekly Low: 0.702 Monthly High: 0.7316 Monthly Low: 0.7085 Daily Fibonacci 38.2%: 0.7074 Daily Fibonacci 61.8%: 0.7088 Daily Pivot Point S1: 0.7033 Daily Pivot Point S2: 0.7012 Daily Pivot Point S3: 0.6973 Daily Pivot Point R1: 0.7094 Daily Pivot Point R2: 0.7133 Daily Pivot Point R3: 0.7154 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 Crude Oil WTI Technical Analysis: Black Gold sinking deeper into the red as WTI hits a 10-week low FX Street 4 years "¢ The pair finally broke out of its European session consolidation phase and rallied beyond the 0.7100 handle to over one-week tops in the last hour. "¢ The up-move marked a near-term bullish break through the neckline resistance of an inverted Head & Shoulders chart pattern on the 1-hourly chart. "¢ Technical indicators on the mentioned chart are holding comfortably in positive territory and support prospects for an extension of the breakout momentum. "¢ However, indicators on the daily chart are yet to catch up with the positive move, indicating that the… 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.
