“¢ Persistent USD selling bias and rising copper prices help build on Friday’s bullish breakthrough a short-term descending trend-channel formation on the 4-hourly chart. “¢ On the same chart, short-term technical indicators are holding in positive territory and hence, the momentum could get extended towards a previous strong horizontal support now turned resistance. “¢ Only a decisive break back below the 0.7400 handle might now negate the near-term bullish outlook and turn the pair vulnerable to resume with its prior depreciating slide. AUD/USD 4-hourly chart Spot Rate: 0.7468 Daily Low: 0.7428 Trend: Bullish Resistance R1: 0.7485 (horizontal zone) R2: 0.7499 (50-day SMA) R3: 0.7530 (R3 daily pivot-point) Support S1: 0.7428 (current day swing low) S2: 0.7396 (100-period SMA H1) S3: 0.7348 (S2 daily pivot-point) 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 UK: PM May prevails – AmpGFX FX Street 3 years "¢ Persistent USD selling bias and rising copper prices help build on Friday's bullish breakthrough a short-term descending trend-channel formation on the 4-hourly chart. "¢ On the same chart, short-term technical indicators are holding in positive territory and hence, the momentum could get extended towards a previous strong horizontal support now turned resistance. "¢ Only a decisive break back below the 0.7400 handle might now negate the near-term bullish outlook and turn the pair vulnerable to resume with its prior depreciating slide. AUD/USD 4-hourly chart Spot Rate: 0.7468 Daily Low: 0.7428 Trend: Bullish… Top 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.
