AUD/USD has found acceptance below the 50-hour moving average (MA) of 0.7073 and is currently trading at a session low of 0.7063 – trendline connecting March 8 and March 13 lows on the hourly chart. A close below 0.7049 would invalidate yesterday’s bullish hammer candle and open the doors to re-test of recent lows near 0.70. A close above 0.7098 (high of yesterday’s hammer candle) is needed to revive the corrective rally. Daily chart Hourly chart Trend: Bearish below 0.7049 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 RBA: Balanced outlook for the economy – TDS FX Street 4 years AUD/USD has found acceptance below the 50-hour moving average (MA) of 0.7073 and is currently trading at a session low of 0.7063 - trendline connecting March 8 and March 13 lows on the hourly chart. A close below 0.7049 would invalidate yesterday's bullish hammer candle and open the doors to re-test of recent lows near 0.70. A close above 0.7098 (high of yesterday's hammer candle) is needed to revive the corrective rally. Daily chart Hourly chart Trend: Bearish below 0.7049 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.
