AUD/USD was the weakest across the FX board on Tuesday as the aussie eroded its five-month uptrend at 0.7159. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the pair to slump towards the June high at 0.7062. Key quotes “AUD/USD has eroded the 55-day ma and the five-month uptrend at 0.7182/59. It is under pressure and we look for a slide to the 0.7062 June high and the 0.6964, the 23.6% retracement.” “Below the uptrend, key support is offered by 0.6778/74, the February high and mid-June low.” “Currently, intraday Elliott wave counts are negative and rallies are likely to remain capped by the 0.7315 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 Kyber Network Price Forecast: KNC aims for $0.50 amid growing uncertainty FX Street 2 years AUD/USD was the weakest across the FX board on Tuesday as the aussie eroded its five-month uptrend at 0.7159. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the pair to slump towards the June high at 0.7062. Key quotes “AUD/USD has eroded the 55-day ma and the five-month uptrend at 0.7182/59. It is under pressure and we look for a slide to the 0.7062 June high and the 0.6964, the 23.6% retracement.” “Below the uptrend, key support is offered by 0.6778/74, the February high and mid-June low.” “Currently, intraday Elliott wave counts are negative and rallies are… 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.
