AUD/USD stays below 50% Fibonacci retracement of July-October declines. Bullish MACD, refrain from declining below 100-day SMA portrays the pair’s strength. Despite taking a U-turn from 50% Fibonacci retracement, AUD/USD refrains from declining below 100-day SMA. The quote takes the bids to 0.6860 during early Wednesday. Not only the 100-day Simple Moving Average (SMA) level of 0.6855 but bullish signals from 12-bar Moving Average Convergence and Divergence (MACD) indicator also favors the pair’s further rise. In doing so, 50% Fibonacci retracement around 0.6880 acts as an immediate upside barrier ahead of September month high close to 0.6900. During the pair’s further run-up below 0.6900, July month low around 0.6910 and 61.8% Fibonacci Retracement level of 0.6925 becomes the key to watch. Meanwhile, 38.2% Fibonacci retracement level near 0.6830 and October 11 high of 0.6811 could come back on the chart if prices slip below 0.6855. AUD/USD daily chart Trend: bullish 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 PBOC sets Yuan reference rate at 7.0752 FX Street 3 years AUD/USD stays below 50% Fibonacci retracement of July-October declines. Bullish MACD, refrain from declining below 100-day SMA portrays the pair's strength. Despite taking a U-turn from 50% Fibonacci retracement, AUD/USD refrains from declining below 100-day SMA. The quote takes the bids to 0.6860 during early Wednesday. Not only the 100-day Simple Moving Average (SMA) level of 0.6855 but bullish signals from 12-bar Moving Average Convergence and Divergence (MACD) indicator also favors the pair's further rise. In doing so, 50% Fibonacci retracement around 0.6880 acts as an immediate upside barrier ahead of September month high close to 0.6900. During the pair's… 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.
