Karen Jones, analyst at Commerzbank, suggests that AUD/USD continues to hold relatively steady near term. Key Quotes “Last week the market charted a new low (.6672), which was not confirmed by the daily RSI. This reflects a loss of downside momentum and we are likely to see near term recovery.” “We need to see a sustained break over the near term downtrend at .6801 to retarget the .6894 mid September high. Failure at .6678 on a closing basis targets the .6548 February 1999 high.” “We note TD support on the weekly chart at .6535 also. Above .6894, the 2019 downtrend at .6960 and the 200 day ma at .6981 would be next in 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 Forex News Today: Daily Trading News share Read Next Ireland’s Harris: Johnson-Varadkar talk is a chance to “check in” FX Street 3 years Karen Jones, analyst at Commerzbank, suggests that AUD/USD continues to hold relatively steady near term. Key Quotes "Last week the market charted a new low (.6672), which was not confirmed by the daily RSI. This reflects a loss of downside momentum and we are likely to see near term recovery." "We need to see a sustained break over the near term downtrend at .6801 to retarget the .6894 mid September high. Failure at .6678 on a closing basis targets the .6548 February 1999 high." "We note TD support on the weekly chart at .6535 also. Above .6894, the 2019 downtrend… 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.
