“¢ The pair extended overnight retracement slide from three-week tops and remained under some selling pressure for the second consecutive session on Friday. “¢ However, bulls now seemed to show some resilience below 200-hour SMA, albeit negative technical indicators on hourly/daily charts point to further downside. “¢ A sustained weakness below the mentioned support will reaffirm the bearish set-up and accelerate the slide to 0.7060 intermediate support en-route the 0.70 handle. “¢ Alternatively, a convincing move beyond the 0.7115-20 region might negate the negative outlook and lift the pair back towards testing the 0.7165-70 supply zone. 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 Wall Street opens in red as financials continue to underperform FX Street 4 years "¢ The pair extended overnight retracement slide from three-week tops and remained under some selling pressure for the second consecutive session on Friday. "¢ However, bulls now seemed to show some resilience below 200-hour SMA, albeit negative technical indicators on hourly/daily charts point to further downside. "¢ A sustained weakness below the mentioned support will reaffirm the bearish set-up and accelerate the slide to 0.7060 intermediate support en-route the 0.70 handle. "¢ Alternatively, a convincing move beyond the 0.7115-20 region might negate the negative outlook and lift the pair back towards… 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.
