“¢ The pair failed to capitalize on the weekly bullish gap and once again, for the third straight session, faced rejection near 50-hour SMA despite the latest US-China trade optimism. “¢ The fact that the pair remains well below important intraday moving averages – 50, 100 & 200-hour SMA, clearly points to an extension of the recent bearish slide from the 0.7200 handle. “¢ Bearish technical indicators on hourly/daily charts point further reinforce the negative outlook, albeit seemed reluctant to place aggressive bid ahead of Tuesday’s RBA decision. “¢ Hence, it would be prudent to wait for a convincing break through a strong horizontal support near the 0.7070-65 region before positioning for any further near-term depreciating move. AUD/USD 1-hourly chart AUD/USD Overview: Today Last Price: 0.7084 Today Daily change %: 0.13% Today Daily Open: 0.7075 Trends: Daily SMA20: 0.7131 Daily SMA50: 0.7133 Daily SMA100: 0.7164 Daily SMA200: 0.7252 Levels: Previous Daily High: 0.7123 Previous Daily Low: 0.7069 Previous Weekly High: 0.7199 Previous Weekly Low: 0.7069 Previous Monthly High: 0.7285 Previous Monthly Low: 0.7053 Daily Fibonacci 38.2%: 0.709 Daily Fibonacci 61.8%: 0.7102 Daily Pivot Point S1: 0.7055 Daily Pivot Point S2: 0.7035 Daily Pivot Point S3: 0.7001 Daily Pivot Point R1: 0.7109 Daily Pivot Point R2: 0.7143 Daily Pivot Point R3: 0.7163 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 Bitcoin price analysis: BTC/USD breaks key demand zone – declines remain unstoppable FX Street 4 years "¢ The pair failed to capitalize on the weekly bullish gap and once again, for the third straight session, faced rejection near 50-hour SMA despite the latest US-China trade optimism. "¢ The fact that the pair remains well below important intraday moving averages - 50, 100 & 200-hour SMA, clearly points to an extension of the recent bearish slide from the 0.7200 handle. "¢ Bearish technical indicators on hourly/daily charts point further reinforce the negative outlook, albeit seemed reluctant to place aggressive bid ahead of Tuesday's RBA decision. "¢ Hence, it… 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.
