The Australian bounced off session lows, approaching the 0.6700 . level

0 116

The currency pair is facing AUD/USD  AUD/USD Modest rally after bears attempt to bottom in 2020.

The currency pair Australian dollar / US dollar AUD/USD Combine losses near 0.6700.

AUD / USD daily chart

The Australian Dollar is bouncing off its lowest in a decade while trading well below its daily simple moving averages (SMAs). Try the Australian dollar against the US dollar (AUD / USD) Reaching its lows in 2020 but finding some support because the market is still in a range close to its lows in 2020. Bears want to resume the downtrend by breaking the 0.6668 support and targeting the 0.6640 and 0.6626 levels. On the flip side, the bulls want a reversal and overcome several layers of resistance to reach the 0.6753 level, according to the Technical Confluences Indicator..

The Australian bounced off session lows, approaching the 0.6700 . level has no relation whatsoever with Metaquote and we have no responsibility regarding their products offered by our Sponsors.

Seize the chance to earn real money instantly!
Take 4 simple steps along the path to success and financial independence
Open a trading account
Beginner traders can start their career in forex Practice on a demo account
Download - Powerful, reliable and proven trading platform
System requirements: Windows 7 and later versions
platform for Android
System requirements: Android 4.0 and above, 3G/WiFi
platform Ctrade for iOS
System requirements: iOS 4.0 or later, 3G/Wifi
Deposit to your trading account through any convenient payment system
Great bonuses guarantee your confident start in trading
Bonuses are added ranging in size From 20% to 50% to your account every time you make a deposit
Related topics
Inline Feedbacks
View all comments