AUD/USD bounced off the 0.6403/0.6374 current May lows and is well placed to tackle the 0.6570 April high, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, briefs. Key quotes “Above the 0.6570 April high we look for a test of the 0.6663/84 March high and the 200-day moving average where we would expect it to struggle. Above here would target 0.6910, the 2013-2020 resistance line.” “Below the 0.6403/0.6374 recent lows meanders the 55-day ma at 0.6299. Further down lie the 0.6265/55 16 and 21 April lows.” 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 UK interest rates to turn negative from December – BOEWATCH FX Street 2 years AUD/USD bounced off the 0.6403/0.6374 current May lows and is well placed to tackle the 0.6570 April high, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, briefs. Key quotes “Above the 0.6570 April high we look for a test of the 0.6663/84 March high and the 200-day moving average where we would expect it to struggle. Above here would target 0.6910, the 2013-2020 resistance line.” “Below the 0.6403/0.6374 recent lows meanders the 55-day ma at 0.6299. Further down lie the 0.6265/55 16 and 21 April lows.” 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.
