“¢ The pair stalled this week’s rejection slide from 200-period SMA on the 4-hourly chart and staged a solid bounce from weekly low, with bulls now eyeing a move towards reclaiming the 0.7100 handle. “¢ The pair’s inability to find acceptance below a short-term ascending trend-channel formation on hourly charts clearly indicates traders reluctance to carry aggressive bets ahead of the FOMC decision. “¢ Given that short-term technical indicators have just started gaining traction, a move beyond 100-period SMA on the 4-hourly chart might be seen as a key trigger for intraday bullish traders. “¢ Hence, a follow-through move, possibly even beyond 200-period SMA, towards challenging the trend-channel resistance, currently near the 0.7140 region, now looks a distinct possibility. AUD/USD 4-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 BoE likely to remain on sidelines – TDS FX Street 4 years "¢ The pair stalled this week's rejection slide from 200-period SMA on the 4-hourly chart and staged a solid bounce from weekly low, with bulls now eyeing a move towards reclaiming the 0.7100 handle. "¢ The pair's inability to find acceptance below a short-term ascending trend-channel formation on hourly charts clearly indicates traders reluctance to carry aggressive bets ahead of the FOMC decision. "¢ Given that short-term technical indicators have just started gaining traction, a move beyond 100-period SMA on the 4-hourly chart might be seen as a key trigger for intraday bullish… 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.
