AUD/USD has extended its selloff, completing a top to suggest that we should see a deeper setback, with next support seen next at 0.7083, analysts at Credit Suisse apprise. More – AUD/USD: Downside corrective, targets June high at 0.6964 – Commerzbank Key quotes “AUD/USD extended its fall on Tuesday, closing beneath the crucial September low at 0.7192 as well as the 55-day average and June uptrend at 0.7183/80 to confirm a top. This reinforces the view of a deeper corrective setback within an intact medium-term uptrend.” “Support moves initially to 0.7116, then back to 0.7109/06, ahead of the more important ‘neckline’ to the large base at 0.7083, where we would expect to see fresh buyers at first. Removal of here would then see the late July low at .7064 next, ahead of a fall back to 0.7010/00. Big picture, the ‘measured top objective’ is seen much lower at the July low at 0.6878/77.” “We see resistance initially at 0.7148, then 0.7177, ahead of 0.7192, above which would ease the immediate downside bias, negate the top and suggest that the corrective phase may already be coming to an end. Resistance is seen next at 0.7235, above which could subsequently see a move back to the recent highs at 0.7324/45.” 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 US Dollar Index Price Analysis: Next target on the upside is at 94.80 FX Street 2 years AUD/USD has extended its selloff, completing a top to suggest that we should see a deeper setback, with next support seen next at 0.7083, analysts at Credit Suisse apprise. More – AUD/USD: Downside corrective, targets June high at 0.6964 – Commerzbank Key quotes “AUD/USD extended its fall on Tuesday, closing beneath the crucial September low at 0.7192 as well as the 55-day average and June uptrend at 0.7183/80 to confirm a top. This reinforces the view of a deeper corrective setback within an intact medium-term uptrend.” “Support moves initially to 0.7116, then back to 0.7109/06, ahead of the more important ‘neckline’… 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.