“¢ The pair traded with a mild negative bias through the mid-European session, albeit has managed to hold its neck above ascending trend-line support on the 1-hourly chart. “¢ The mentioned trend-line, extending from Friday’s swing low, coincides with 50-hour SMA and should now act as a key trigger/important pivotal point for intraday traders. “¢ Meanwhile, neutral technical indicators on 1-hourly/daily charts have failed to support any firm directional bias, warranting caution before placing any aggressive bets. “¢ Hence, it would be prudent to wait for a sustained break below the mentioned confluence support before positioning for a further slide towards 0.7060 support area. AUD/USD 1-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 SEB Bank: Fed likely to change median forecast for policy rate path FX Street 4 years "¢ The pair traded with a mild negative bias through the mid-European session, albeit has managed to hold its neck above ascending trend-line support on the 1-hourly chart. "¢ The mentioned trend-line, extending from Friday's swing low, coincides with 50-hour SMA and should now act as a key trigger/important pivotal point for intraday traders. "¢ Meanwhile, neutral technical indicators on 1-hourly/daily charts have failed to support any firm directional bias, warranting caution before placing any aggressive bets. "¢ Hence, it would be prudent to wait for a sustained break below the mentioned… 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.
