Analysts at TD Securities remain focused on the Aussie as the AUD/USD pair looks like close to either a potential breakout or backslide. Key quotes “AUD/USD came to within a hair’s width of taking out the end-April highs at 0.6570 during the European session. We would prefer not to see it break to a fresh high for this cycle. If it does, however, we think style will matter. We could probably live with a little peek that is followed quickly by a return to recent ranges.” “A strong and sustained move above 0.6570 would make it harder to argue that we are heading lower any time soon. That would be amplified if this occurred on a daily closing basis. We would then have to look for a test of 0.6685, the spike-high from March 9 that printed just as things started to turn ugly for the AUD.” 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 Gold flirts with daily tops, around $1740 level ahead of Powell’s testimony FX Street 2 years Analysts at TD Securities remain focused on the Aussie as the AUD/USD pair looks like close to either a potential breakout or backslide. Key quotes “AUD/USD came to within a hair's width of taking out the end-April highs at 0.6570 during the European session. We would prefer not to see it break to a fresh high for this cycle. If it does, however, we think style will matter. We could probably live with a little peek that is followed quickly by a return to recent ranges.” “A strong and sustained move above 0.6570 would make it harder to argue that… 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.
