AUD/USD is taking a breather, having charted a three-day winning streak. A re-test of the key Fibonacci level of 0.6832 could be in the offing. AUD/USD is sidelined in Asia, having confirmed a three-day winning streak with 0.25% gains on Thursday. The currency pair is currently trading at 0.6813, having hit a low of 0.6807 soon before press time. The rally from the Sept. 3 low of 0.6687 ran out of steam closer to 0.6832 (38.2% Fib R of 0.7082/0.6677) in the last 24 hours. The short-term outlook, however, remains bullish with the 5- and 10-day moving averages (MAs) trending north and the relative strength index hovering above 50.00. So, the pair could have another go at 0.6832 later today – more so, as the 0.25% gains in the S&P 500 futures are pointing to risk-on. A daily close above 0.6832 would bolster the bullish case and open the doors to 0.6910 (July 10 low). On the downside, a close below the 10-day moving average (MA) of 0.6762 would neutralize the bullish view. Daily chart Trend: Bullish Pivot points 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 US: Headline nonfarm payrolls seen at +150k – Goldman Sachs FX Street 4 years AUD/USD is taking a breather, having charted a three-day winning streak. A re-test of the key Fibonacci level of 0.6832 could be in the offing. AUD/USD is sidelined in Asia, having confirmed a three-day winning streak with 0.25% gains on Thursday. The currency pair is currently trading at 0.6813, having hit a low of 0.6807 soon before press time. The rally from the Sept. 3 low of 0.6687 ran out of steam closer to 0.6832 (38.2% Fib R of 0.7082/0.6677) in the last 24 hours. The short-term outlook, however, remains bullish with the 5- and 10-day moving averages (MAs) trending… 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.
