AUD/USD allows for a minor rebound on Monday ahead of as slide to the 200-day ma at 0.6774, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. In fact, the aussie is currently trading at 0.7050, up 0.30% on the day, after falling by nearly 0.30% on Friday to 0.7006 – its sixth straight consecutive decline. Key quotes “AUD/USD sold off sharply last week and starts this week still under pressure and we look for a slide to the 0.6964, the 23.6% retracement. There is scope for this to extend towards the 200-day ma, the February high and mid-June low at 0.6778/74, which is expected to hold the initial test.” “Currently, intraday Elliott wave counts are suggesting that rallies are likely to remain capped by 0.7135 level and contained by the 0.7290 minor resistance line.” 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 EUR/USD: No signs of receding demand for safety, 1.15 at sight FX Street 2 years AUD/USD allows for a minor rebound on Monday ahead of as slide to the 200-day ma at 0.6774, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. In fact, the aussie is currently trading at 0.7050, up 0.30% on the day, after falling by nearly 0.30% on Friday to 0.7006 – its sixth straight consecutive decline. Key quotes “AUD/USD sold off sharply last week and starts this week still under pressure and we look for a slide to the 0.6964, the 23.6% retracement. There is scope for this to extend towards the 200-day ma, the February high and… 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.
