The pair built on the overnight solid bounce from sub-0.6700 level. A sustained move beyond 0.68 mark needed for bullish confirmation. The AUD/USD pair once again showed some resilience below the 0.6700 round figure mark and staged a solid intraday rebound of around 75-pips on Tuesday. The positive momentum extended through the early North-American session on Wednesday, lifting the pair back closer to a key hurdle near the 0.6800 handle. The mentioned barrier has been capping the pair since early August, which if cleared should trigger aggressive short-covering and pave the way for up-move. Above the mentioned resistance, the pair is likely to surpass an intermediate resistance near the 0.6815-20 region and aim towards testing the 0.6850-60 supply zone. Meanwhile, technical indicators on hourly charts have been gaining positive traction and also recovered from the bearish territory, supporting prospects for a bullish breakthrough. However, traders are likely to wait for a sustained move beyond the said hurdle before placing aggressive bullish bets amid uncertainty surrounding the US-China trade talks. AUD/USD 1-hourly chart 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 Franklin Templeton wants to launch a Stellar-based fund FX Street 4 years The pair built on the overnight solid bounce from sub-0.6700 level. A sustained move beyond 0.68 mark needed for bullish confirmation. The AUD/USD pair once again showed some resilience below the 0.6700 round figure mark and staged a solid intraday rebound of around 75-pips on Tuesday. The positive momentum extended through the early North-American session on Wednesday, lifting the pair back closer to a key hurdle near the 0.6800 handle. The mentioned barrier has been capping the pair since early August, which if cleared should trigger aggressive short-covering and pave the way for up-move. Above the mentioned resistance, 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.
