“¢ The pair met with some fresh supply at the start of a new trading week and moved within the striking distance of multi-month lows support set in the previous week. “¢ The China-proxy Australian Dollar has been one of the weakest major currencies and continues to be weighed down by the recent escalation in US-China trade tensions. Technical indicators maintained their bearish bias on hourly/daily charts and are still far from being in the oversold territory, supporting prospects for an eventual bearish break through the mentioned support near the 0.6965-60 region. The fact that the pair remains below its important daily/intraday moving averages – 50, 100 & 200-period SMAs, a convincing break will be seen as a key trigger for bearish traders and intensify the downside pressure amid the prevailing risk-off mood. AUD/USD 1-hourly chart 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 USD/TRY climbs to daily highs near 6.13, Lira plunges FX Street 3 years "¢ The pair met with some fresh supply at the start of a new trading week and moved within the striking distance of multi-month lows support set in the previous week. "¢ The China-proxy Australian Dollar has been one of the weakest major currencies and continues to be weighed down by the recent escalation in US-China trade tensions. Technical indicators maintained their bearish bias on hourly/daily charts and are still far from being in the oversold territory, supporting prospects for an eventual bearish break through the mentioned support near the 0.6965-60 region. The fact that… 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.
