“¢ The pair has managed to rebound around 20-25 pips from fresh 32-month lows and in the process managed to clear a descending trend-line resistance on the 1-hourly chart. “¢ The said trend-line constituted towards the formation of a bullish falling-wedge chart pattern formation, suggesting that the pair might have already bottomed out near mid-0.7000s. “¢ On the mentioned chart, mixed technical indicators haven’t been supportive of the bullish formation and hence, any subsequent up-move seems more likely to be capped at 100-hour SMA. “¢ The upcoming release of the keenly watched US monthly jobs report (NFP) will play an important role in determining the pair’s next leg of directional move. AUD/USD 1-hourly chart AUD/USD Overview: Last Price: 0.7078 Daily change: 1.0 pips Daily change: 0.0141% Daily Open: 0.7077 Trends: Daily SMA20: 0.7194 Daily SMA50: 0.7268 Daily SMA100: 0.7369 Daily SMA200: 0.7575 Levels: Daily High: 0.7114 Daily Low: 0.7066 Weekly High: 0.7316 Weekly Low: 0.7202 Monthly High: 0.7316 Monthly Low: 0.7085 Daily Fibonacci 38.2%: 0.7084 Daily Fibonacci 61.8%: 0.7095 Daily Pivot Point S1: 0.7057 Daily Pivot Point S2: 0.7037 Daily Pivot Point S3: 0.7008 Daily Pivot Point R1: 0.7105 Daily Pivot Point R2: 0.7134 Daily Pivot Point R3: 0.7154 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 EUR/USD cautious around 1.1500 ahead of Payrolls FX Street 4 years "¢ The pair has managed to rebound around 20-25 pips from fresh 32-month lows and in the process managed to clear a descending trend-line resistance on the 1-hourly chart. "¢ The said trend-line constituted towards the formation of a bullish falling-wedge chart pattern formation, suggesting that the pair might have already bottomed out near mid-0.7000s. "¢ On the mentioned chart, mixed technical indicators haven't been supportive of the bullish formation and hence, any subsequent up-move seems more likely to be capped at 100-hour SMA. "¢ The upcoming release of the keenly… 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.
