The AUD/USD pair printed an intraday low of 0.7073 a few minutes before press time and is currently trading just above the support of the trendline connecting the Oct. 26 low and Oct. 29 low. The inverse head-and-shoulders breakout failed earlier today and the pair fell back below 0.71 after Australian data showed that inflation growth slowed in the third quarter. Further, China manufacturing PMI fell to 50.2 in October, the lowest reading in over two years, sending the AUD down to the trendline support. Acceptance below that level may allow a re-test of the recent low of 0.7021 (Friday’s low). On the higher side, 0.7122 (Asian session high) is the level to beat for the bulls. Hourly Chart Trend: Bullish invalidation AUD/USD Overview: Last Price: 0.7085 Daily change: -21 pips Daily change: -0.296% Daily Open: 0.7106 Trends: Daily SMA20: 0.7093 Daily SMA50: 0.7175 Daily SMA100: 0.7282 Daily SMA200: 0.7504 Levels: Daily High: 0.7124 Daily Low: 0.7054 Weekly High: 0.7128 Weekly Low: 0.702 Monthly High: 0.7316 Monthly Low: 0.7085 Daily Fibonacci 38.2%: 0.7097 Daily Fibonacci 61.8%: 0.7081 Daily Pivot Point S1: 0.7065 Daily Pivot Point S2: 0.7025 Daily Pivot Point S3: 0.6995 Daily Pivot Point R1: 0.7135 Daily Pivot Point R2: 0.7165 Daily Pivot Point R3: 0.7205 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 Ex-Fed’s Yellen: 2019 US growth could be bit slower but still above trend FX Street 4 years The AUD/USD pair printed an intraday low of 0.7073 a few minutes before press time and is currently trading just above the support of the trendline connecting the Oct. 26 low and Oct. 29 low. The inverse head-and-shoulders breakout failed earlier today and the pair fell back below 0.71 after Australian data showed that inflation growth slowed in the third quarter. Further, China manufacturing PMI fell to 50.2 in October, the lowest reading in over two years, sending the AUD down to the trendline support. Acceptance below that level may allow a re-test of the recent low of 0.7021 (Friday's… 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.
