In light of the recent sharp pullback in spot, the 0.7310 area is now exposed, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “AUD/USD has sold off aggressively and the .7310/15 recent lows are exposed. The intraday Elliott wave count is negative and we would allow for a retest of the .7315/10 recent lows. Below .7315/10 the market is capable of a slide to the 2001-2018 uptrend line at .7176″. “Above the 55 day ma at .7480 would allow for a recovery to the downtrend at .7550″. “Above the downtrend would see a challenge of the .7676 June high and the .7676 200 day ma”. 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 USD/CHF extends steady decline back below parity mark FX Street 5 years In light of the recent sharp pullback in spot, the 0.7310 area is now exposed, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes "AUD/USD has sold off aggressively and the .7310/15 recent lows are exposed. The intraday Elliott wave count is negative and we would allow for a retest of the .7315/10 recent lows. Below .7315/10 the market is capable of a slide to the 2001-2018 uptrend line at .7176". "Above the 55 day ma at .7480 would allow for a recovery to the downtrend at .7550". "Above the downtrend would see a challenge of 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.
