According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the Aussie Dollar could slip back and test once again 0.7315. Key Quotes “AUD/USD last week rallied to and failed at the 55 day ma at .7488 and we are unsure if the corrective move higher may already be over. The intraday Elliott wave count is negative and we would allow for a retest of the .7315 recent low. Below .7315 the market is capable of a slide to the 2001-2018 uptrend line at .7176″. “Above the 55 day ma would allow for a recovery to the downtrend at .7566″. “Above the downtrend would see a challenge of the .7676 June high and the .7685 200 day ma”. 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 Office for Budget Responsibility: Public finances likely to come under significant pressure FX Street 5 years According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the Aussie Dollar could slip back and test once again 0.7315. Key Quotes "AUD/USD last week rallied to and failed at the 55 day ma at .7488 and we are unsure if the corrective move higher may already be over. The intraday Elliott wave count is negative and we would allow for a retest of the .7315 recent low. Below .7315 the market is capable of a slide to the 2001-2018 uptrend line at .7176". "Above the 55 day ma would allow for a recovery to the downtrend at… 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.
