{"id":106026,"date":"2020-10-21T15:53:04","date_gmt":"2020-10-21T14:53:04","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106026"},"modified":"2020-10-22T06:28:11","modified_gmt":"2020-10-22T05:28:11","slug":"104605-aud-usd-breaks-through-one-week-old-resistance-in-risk-on-trading","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104605-aud-usd-breaks-through-one-week-old-resistance-in-risk-on-trading\/","title":{"rendered":"AUD\/USD: Breaks through one-week-old resistance in risk-on trading"},"content":{"rendered":"<ul>\n<li><strong>AUD\/USD flirts with daily high yet keeps pullback move from one-month low.<\/strong><\/li>\n<li><strong>A descending trend line from early October is in view.<\/strong><\/li>\n<li><strong>Bears eye a break below 0.7050\/45.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">US stimulus talk optimism boosts the market mood. AUD\/USD hits daily high trading at 0.7080 in early trade on Wednesday. AUD\/USD recently broke above a descending trend line from October 14 and 100-HMA amid bullish MACD. Optimism that additional US fiscal stimulus will be agreed helped to boost the risk sensitive pair..<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0Sustained trading above the\u00a0 resistance , helps AUD\/USD buyers to target another descending trend line at 0.7100.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, a 200-HMA level of 0.7135 could limit further upside past-0.7100.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A break below resistance\u00a0 at 0.7070 will open the door to an immediate support line at 0.7050.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">An upward sloping trend line from June, near 0.7045, could also challenge buyers, a break through here could see a south-run towards the 0.7000.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AUD\/USD flirts with daily high yet keeps pullback move from one-month low. A descending trend line from early October is in view. Bears eye a break below 0.7050\/45. US stimulus talk optimism boosts the market mood. AUD\/USD hits daily high trading at 0.7080 in early trade on Wednesday. AUD\/USD recently broke above a descending trend [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":3609,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1381],"tags":[1540,2415,1398],"class_list":{"0":"post-106026","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-aud","8":"category-usd","9":"tag-aud","10":"tag-aud-usd","11":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AUD\/USD: Breaks through one-week-old resistance in risk-on trading - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104605-aud-usd-breaks-through-one-week-old-resistance-in-risk-on-trading\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104605-aud-usd-breaks-through-one-week-old-resistance-in-risk-on-trading\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104605-aud-usd-breaks-through-one-week-old-resistance-in-risk-on-trading\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"AUD\\\/USD: Breaks through one-week-old resistance in risk-on trading\",\"datePublished\":\"2020-10-21T14:53:04+00:00\",\"dateModified\":\"2020-10-22T05:28:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104605-aud-usd-breaks-through-one-week-old-resistance-in-risk-on-trading\\\/\"},\"wordCount\":153,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104605-aud-usd-breaks-through-one-week-old-resistance-in-risk-on-trading\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100048-gbp-aud-tory-lead-poll-falls.jpg\",\"keywords\":[\"aud\",\"aud\\\/usd\",\"usd\"],\"articleSection\":[\"AUD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104605-aud-usd-breaks-through-one-week-old-resistance-in-risk-on-trading\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104605-aud-usd-breaks-through-one-week-old-resistance-in-risk-on-trading\\\/\",\"name\":\"AUD\\\/USD: Breaks through one-week-old resistance in risk-on trading - 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