The AUD/USD pair is taking a near-term breather at the February lows at 0.7583/57, however analysts at Credit Suisse look for a break below here to confirm a “head and shoulders” top. Key quotes “Although further corrective upside is possible in the short-term, we ideally look for 0.7628/36 to cap and for a clear break beneath the aforementioned 0.7583/57 in due course. Beyond here would confirm the much looked for large ‘head and shoulders’ top and reinforce the view of a much deeper correction lower. We would then look for a test of the 200-day average, currently at 0.7375, with the potential ‘measured top objective’ below here at 0.7243.” “Above 0.7628/36 would see 0.7688 next, removal of which would ease the immediate downside bias and see a move back to 0.7750/57. Beyond here could see a more back to 0.7838/49, where we would expect to see fresh sellers at first.” 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 Chiliz Price Prediction: CHZ ignores bearish on-chain metrics, embarks on liftoff to $1 FX Street 8 months The AUD/USD pair is taking a near-term breather at the February lows at 0.7583/57, however analysts at Credit Suisse look for a break below here to confirm a "head and shoulders" top. Key quotes "Although further corrective upside is possible in the short-term, we ideally look for 0.7628/36 to cap and for a clear break beneath the aforementioned 0.7583/57 in due course. Beyond here would confirm the much looked for large 'head and shoulders' top and reinforce the view of a much deeper correction lower. We would then look for a test of the 200-day average, currently at 0.7375,… 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.
