AUD/USD early April’s daily chart is showing that bears are in control, according to FXStreet’s analyst Yohay Elam. Key quotes “Bears are in control as AUD/USD trades below the 50, 100, and 200-day Simple Moving Averages, and momentum remains to the downside. Moreover, the Relative Strength Index is above 30, outside oversold conditions.” “The psychologically significant 0.60 level is of high importance and remains a critical battle line. The round 0.61 marks provided some support in late March. It is followed by the recent peak of 0.6210.” “Support awaits at 0.5870, a swing low in late March. The next significant cushion is only at 0.5660, a low point in mid-March.” 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 Oil Price Analysis: WTI trades in three-week’s highs near $26.50 a barrel FX Street 2 years AUD/USD early April's daily chart is showing that bears are in control, according to FXStreet’s analyst Yohay Elam. Key quotes “Bears are in control as AUD/USD trades below the 50, 100, and 200-day Simple Moving Averages, and momentum remains to the downside. Moreover, the Relative Strength Index is above 30, outside oversold conditions.” “The psychologically significant 0.60 level is of high importance and remains a critical battle line. The round 0.61 marks provided some support in late March. It is followed by the recent peak of 0.6210.” “Support awaits at 0.5870, a swing low in late March. The next significant… 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.
