The AUD/USD pair is showing its strength after eroding the 55-day moving average at 0.7711. In the view of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, the aussie should see further gains. Initial support is seen at 0.7585 “AUD/USD has eroded the near-term downtrend and the 55-day ma at 0.7711, and at this stage, we can only assume scope to 0.7849, the mid-March high.” “The aussie will need to overcome 0.7849, the March 18 high for recovery to the end of February high at 0.8007.” “Initial support lies at 0.7585 and key support remains the 0.7564 February lowand 0.7533 April low.” 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 Gold Price Analysis: XAU/USD to escape from a range after US Retail Sales FX Street 2 years The AUD/USD pair is showing its strength after eroding the 55-day moving average at 0.7711. In the view of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, the aussie should see further gains. Initial support is seen at 0.7585 "AUD/USD has eroded the near-term downtrend and the 55-day ma at 0.7711, and at this stage, we can only assume scope to 0.7849, the mid-March high." "The aussie will need to overcome 0.7849, the March 18 high for recovery to the end of February high at 0.8007." "Initial support lies at 0.7585 and key support remains the… 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.
