The Aussie is continuing to drift backwards from a recent four-week high, and support from the 0.72 handle is holding for now, but under increasing pressure as the hourly Slow Stochastics gear up for another push into downside territory. On the 4-hour chart, the last swing low remains higher than recent action, but has still made a bearish break of a rising trendline, and sellers may begin to pile in at subsequent swing highs. Daily candles remain firmly in a downtrend slant, with the 50-day EMA currrently keeping prices under wraps from just beneath the 0.73 ceiling. AUD/USD Chart, 1-Hour Spot rate 0.7223 Previous week change 0.26% Previous week high 0.7241 Previous week low 0.7202 Support 1 0.7200 (major technical level) Support 2 0.7177 (S1 weekly pivot) Support 3 0.7077 (S2 weekly pivot) Resistance 1 0.7242 (previous week high) Resistance 2 0.7252 (200-hour EMA) Resistance 3 0.7300 (major technical level) 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 DXY to come off: we like to buy into any dip below 1.1550 in EUR/USD – Nordea FX Street 4 years The Aussie is continuing to drift backwards from a recent four-week high, and support from the 0.72 handle is holding for now, but under increasing pressure as the hourly Slow Stochastics gear up for another push into downside territory. On the 4-hour chart, the last swing low remains higher than recent action, but has still made a bearish break of a rising trendline, and sellers may begin to pile in at subsequent swing highs. Daily candles remain firmly in a downtrend slant, with the 50-day EMA currrently keeping prices under wraps from just beneath the 0.73 ceiling. AUD/USD Chart, 1-Hour… 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.
