AUD/USD failed to maintain a minor breach of the range high at 0.7837 and now Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, is closely watching the 0.7619 mark. Key quotes “AUD/USD last week failed to maintain a minor breach of initial resistance offered by the 3rd March high at 0.7837. It is struggling and our attention is on support – it is underpinned near-term by the 38.2% retracement of the move up from November at 0.7619. This guards the 0.7564 February low.” “The aussie will need to overcome 0.7837 on a closing basis for signs of further recovery. This guards the end of February high at 0.8007. “Above 0.8007 is the 2018 peak at 0.8135.” 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 Institutional demand for crypto drops by 60% as uncertainty looms over Bitcoin price FX Street 8 months AUD/USD failed to maintain a minor breach of the range high at 0.7837 and now Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, is closely watching the 0.7619 mark. Key quotes "AUD/USD last week failed to maintain a minor breach of initial resistance offered by the 3rd March high at 0.7837. It is struggling and our attention is on support - it is underpinned near-term by the 38.2% retracement of the move up from November at 0.7619. This guards the 0.7564 February low." "The aussie will need to overcome 0.7837 on a closing basis for signs of… 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.
