“¢ Intraday retracement extends to test a short-term ascending trend-channel support, forming a part of a bearish flag on the 1-hourly chart. “¢ A follow-through selling would set the stage for a retest of 13-month through set in the previous session en-route May 2017 monthly swing low. “¢ Short-term technical indicators, however, have failed to reinforce the bearish bias and might thus, help limit deeper fall, at least for the time being. AUD/USD 1-hourly chart Current Price: 0.7400 Daily High: 0.7408 Daily Low: 0.7369 Trend: Bearish Resistance R1: 0.7398 (50-period SMA H1) R2: 0.7415 (ascending trend-channel) R3: 0.7427 (overnight swing high) Support S1: 0.7347 (13-month lows set yesterday) S2: 0.7329 (May 2017 swing low) S3: 0.7304 (S2 daily pivot-point) 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 futures: negative bias intact FX Street 3 years "¢ Intraday retracement extends to test a short-term ascending trend-channel support, forming a part of a bearish flag on the 1-hourly chart. "¢ A follow-through selling would set the stage for a retest of 13-month through set in the previous session en-route May 2017 monthly swing low. "¢ Short-term technical indicators, however, have failed to reinforce the bearish bias and might thus, help limit deeper fall, at least for the time being. AUD/USD 1-hourly chart Current Price: 0.7400 Daily High: 0.7408 Daily Low: 0.7369 Trend: Bearish Resistance R1: 0.7398 (50-period SMA H1) R2:… Top 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.
