“¢ The pair extended its steady intraday decline through the mid-European session and weakened further below mid-0.7100s, eroding a major part of the previous session’s goodish up-move. “¢ The intraday downtick has now dragged the pair to confluence support – comprising of the lower end of a descending trend-channel formation on short-term charts and 100-hour SMA. “¢ Technical indicators on the 1-hourly chart have just started gaining negative traction, albeit bullish/neutral oscillators on higher time-frames might help limit deeper losses. “¢ Hence, traders are likely to wait for a convincing break below the mentioned support before positioning for some additional weakness towards the 0.7130-25 region en-route the 0.7100 handle. AUD/USD 1-hourly chart AUD/USD Overview: Today Last Price: 0.715 Today Daily change %: -0.29% Today Daily Open: 0.7171 Trends: Daily SMA20: 0.7152 Daily SMA50: 0.7132 Daily SMA100: 0.7163 Daily SMA200: 0.7261 Levels: Previous Daily High: 0.7185 Previous Daily Low: 0.7128 Previous Weekly High: 0.7207 Previous Weekly Low: 0.707 Previous Monthly High: 0.7296 Previous Monthly Low: 0.6684 Daily Fibonacci 38.2%: 0.7163 Daily Fibonacci 61.8%: 0.715 Daily Pivot Point S1: 0.7138 Daily Pivot Point S2: 0.7104 Daily Pivot Point S3: 0.7081 Daily Pivot Point R1: 0.7195 Daily Pivot Point R2: 0.7218 Daily Pivot Point R3: 0.7252 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 ECB’s Lane: There’s been a sequence of negative shocks recently FX Street 4 years "¢ The pair extended its steady intraday decline through the mid-European session and weakened further below mid-0.7100s, eroding a major part of the previous session's goodish up-move. "¢ The intraday downtick has now dragged the pair to confluence support - comprising of the lower end of a descending trend-channel formation on short-term charts and 100-hour SMA. "¢ Technical indicators on the 1-hourly chart have just started gaining negative traction, albeit bullish/neutral oscillators on higher time-frames might help limit deeper losses. "¢ Hence, traders are likely to wait for a convincing break below… 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.
