AUD/USD is seeing another attempt to break higher above the 0.7450/53 highs, removal of which on a closing basis would reassert the uptrend, analysts at Credit Suisse apprise. Key quotes “A break above 0.7453 would reassert the uptrend, reinforce our bullish bias and open the door for a move to the July 2018 high at 0.7484, where we would expect to see a first attempt to cap.” “Our medium-term objective is eventually seen at a cluster of long-term Fibonacci retracements at 0.7574/7638, where we would expect to see another concerted pause.” “Below 0.7387 would instead suggest a deeper correction to 0.7339 next, removal of which would open up more weakness for a move back to 0.7284, ahead of 0.7255, which ideally floors the market if reached.” 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 continues to push higher toward 0.7100 on risk flows FX Street 2 years AUD/USD is seeing another attempt to break higher above the 0.7450/53 highs, removal of which on a closing basis would reassert the uptrend, analysts at Credit Suisse apprise. Key quotes “A break above 0.7453 would reassert the uptrend, reinforce our bullish bias and open the door for a move to the July 2018 high at 0.7484, where we would expect to see a first attempt to cap.” “Our medium-term objective is eventually seen at a cluster of long-term Fibonacci retracements at 0.7574/7638, where we would expect to see another concerted pause.” “Below 0.7387 would instead suggest a deeper correction to… 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.
