AUD/USD revisits Tuesday’s low but short-term trend-line support can limit further declines. Symmetrical triangle portrays pair’s range-bound trading between 0.6765 and 0.6800. Even after declining to two-day lows, the AUD/USD pair remains supported by an immediate symmetrical triangle as it trades near .6768 during early Thursday. A week-old symmetrical triangle formation presently restricts the pair’s moves between 0.6765 and 0.6800. As a result, pair’s latest declines is likely to witness a pullback towards 50% Fibonacci retracement level of July 31 to August 07 declines, at 0.6789. However, the pair’s additional rise will be questioned by the triangle resistance of 0.6800. In a case prices rally beyond 0.6800, 0.6820 and 0.6870 can quickly appear on the chart ahead of fueling the run-up towards July-end top of 0.6900. Meanwhile, pair’s decline below 0.6765 support-line will extend the pair’s latest drop in the direction to last week’s low of 0.6736 whereas 0.6695 and 0.6677 can please bears afterward. AUD/USD 4-hour chart Trend: Sideways 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 China ForeignMin Spokesman Geng: China to impose sanctions on US companies for arms sales to Taiwan FX Street 4 years AUD/USD revisits Tuesday's low but short-term trend-line support can limit further declines. Symmetrical triangle portrays pair's range-bound trading between 0.6765 and 0.6800. Even after declining to two-day lows, the AUD/USD pair remains supported by an immediate symmetrical triangle as it trades near .6768 during early Thursday. A week-old symmetrical triangle formation presently restricts the pair's moves between 0.6765 and 0.6800. As a result, pair's latest declines is likely to witness a pullback towards 50% Fibonacci retracement level of July 31 to August 07 declines, at 0.6789. However, the pair's additional rise will be questioned by the triangle resistance of 0.6800.… 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.
