The AUD/USD pair is stabilizing above the 13-day exponential average and key lows at 0.7696/43 and analysts at Credit Suisse stay biased for further high level ranging below 0.7816/20. Key quotes “AUD/USD is stabilizing above the 13-day exponential average and key lows at 0.7696/43 as expected, which ideally continues to hold to see the market shift into a high-level range, before the uptrend eventually resumes, in line with the large ‘head and shoulders’ base that is still in place.” “It’s worth stressing though that the risk of a deeper pullback remains high, in particular as a break below .7643 would now complete an intraday top, and we, therefore, stay on a cautious footing. Nevertheless, we see resistance initially at 0.7731/32, then 0.7799. Removal of here would open the door to another test of the pivotal April 2018 high at 0.7816, where we would expect to see initial sellers at first to maintain a new range.” “Beneath 0.7643 would instead confirm an intraday ‘head and shoulders’ top to suggest a deeper corrective setback and a fall back to 0.7603/0.7599, where an initial hold is expected.” 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 NZD/USD clings to modest daily gains, stays below 0.7200 FX Street 1 year The AUD/USD pair is stabilizing above the 13-day exponential average and key lows at 0.7696/43 and analysts at Credit Suisse stay biased for further high level ranging below 0.7816/20. Key quotes “AUD/USD is stabilizing above the 13-day exponential average and key lows at 0.7696/43 as expected, which ideally continues to hold to see the market shift into a high-level range, before the uptrend eventually resumes, in line with the large ‘head and shoulders’ base that is still in place.” “It’s worth stressing though that the risk of a deeper pullback remains high, in particular as a break below .7643 would… 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.