AUD/USD is having trouble finding a clear direction as it is coiling around the 0.7400 figure. The 50-period simple moving average has now crossed above the 100 and 200 SMA suggesting a mild bullish bias with 0.7415 and 0.7442 as first resistances. To the downside, support is likely located near 0.7400, 0.7380 and 0.7364 June 28 high. AUD/USD has been in a barbwire pattern since mid-June. This environment generally favors return-to-the-mean trading strategies. AUD/USD 15-minute chart Spot rate: 0.7406 Relative change: 0.04% High: 0.7415 Low: 0.7385 Trend: Neutral Resistance 1: 0.7415 current July 30 high Resistance 2: 0.7442 June 25 high Resistance 3: 0.7485-0.7488-0.7494 area, current week’s high, 200-period SMA (4h), 50-daily SMA Resistance 4: 0.7600 figureResistance 5: 0.7674 swing high Support 1: 0.7400 figure Support 2: 0.7380 June 26 low Support 3: 0.7364 June 28 high Support 4: 0.7345 congestion zone Support 5: 0.7310 current 2018 low 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 Markets began the week on a soft note – TDS FX Street 5 years AUD/USD is having trouble finding a clear direction as it is coiling around the 0.7400 figure. The 50-period simple moving average has now crossed above the 100 and 200 SMA suggesting a mild bullish bias with 0.7415 and 0.7442 as first resistances. To the downside, support is likely located near 0.7400, 0.7380 and 0.7364 June 28 high. AUD/USD has been in a barbwire pattern since mid-June. This environment generally favors return-to-the-mean trading strategies. AUD/USD 15-minute chart Spot rate: 0.7406 Relative change: 0.04% High: … 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.
