AUD/USD slips from five-week high amid mixed comments from the US and China. 100-day EMA acts as immediate key support. 0.6895/6900 and 61.8% Fibonacci retracement holds the gate for further upside to 200-day EMA. With the Aussie buyers struggling to hold upside momentum around a monthly high, AUD/USD takes rounds to 0.6865 amid early Monday. Despite recent pullbacks, overall sentiment remains bullish and hence even short-term sellers await entry only if the pair drops below 100-day Exponential Moving Average (EMA) level of 0.6853. In doing so, bears could target 38.2% Fibonacci retracement of July-October downside, at 0.6827, whereas 0.6800 will become preferable for short positions then after. Meanwhile, an area including highs marked since July-end around 0.6895/6900 and 61.8% Fibonacci retracement level of 0.6925 seems nearby crucial resistances to watch during the pair’s further upside. Should bulls manage to conquer 0.6925, a 200-day EMA level of 0.6953 and July 17 low close to 0.7000 will be in the spotlight. AUD/USD daily chart Trend: pullback expected 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/CAD trims losses as Canadian TV projects a win for the incumbent government FX Street 3 years AUD/USD slips from five-week high amid mixed comments from the US and China. 100-day EMA acts as immediate key support. 0.6895/6900 and 61.8% Fibonacci retracement holds the gate for further upside to 200-day EMA. With the Aussie buyers struggling to hold upside momentum around a monthly high, AUD/USD takes rounds to 0.6865 amid early Monday. Despite recent pullbacks, overall sentiment remains bullish and hence even short-term sellers await entry only if the pair drops below 100-day Exponential Moving Average (EMA) level of 0.6853. In doing so, bears could target 38.2% Fibonacci retracement of July-October downside, at 0.6827, whereas 0.6800 will… 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.
