AUD/USD rallies to one-week high on the break of 21-DMA, 23.6% Fibonacci retracement. Buyers can target 0.6800, 0.6822 ahead of looking at 0.6875/80 resistance-confluence. 0.6735/36 acts as immediate support to watch during the pullback. Given the successful break of 21-day simple moving average (DMA) and 23.6% Fibonacci retracement of July-August declines, AUD/USD takes the bids to 0.6780 during early Wednesday. The pair now aims for 0.6800 round-figure and August 08 top of 0.6822 whereas 50-DMA and 50% Fibonacci retracement level could restrict further advances around 0.6875/80. In a case prices rally beyond 0.6880, July 10 bottom surrounding 0.6910 could flash on buyers’ radar. If at all the quote fails t hold on to recovery gains, lows marked on August 14 and 23 near 0.6735/36 will limit the pair’s near-term declines ahead of highlighting 0.6700 and August month low of 0.6677. AUD/USD daily chart Trend: recovery expected 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 India’s Gold imports hit three-year lows in August – Reuters FX Street 4 years AUD/USD rallies to one-week high on the break of 21-DMA, 23.6% Fibonacci retracement. Buyers can target 0.6800, 0.6822 ahead of looking at 0.6875/80 resistance-confluence. 0.6735/36 acts as immediate support to watch during the pullback. Given the successful break of 21-day simple moving average (DMA) and 23.6% Fibonacci retracement of July-August declines, AUD/USD takes the bids to 0.6780 during early Wednesday. The pair now aims for 0.6800 round-figure and August 08 top of 0.6822 whereas 50-DMA and 50% Fibonacci retracement level could restrict further advances around 0.6875/80. In a case prices rally beyond 0.6880, July 10 bottom surrounding 0.6910 could flash… 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.
