In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the Aussie Dollar could move higher and reach the 0.7476/84 band. Key Quotes “AUD/USD recently sold off to, tested and bounced off the .7310/15 recent lows. The strong rebound from here implies a reluctance to break down further currently and we are going to have to neutralise our view for now”. “Following such a strong rebound on Friday, we are going to have to allow for a recovery to the 55 day ma and recent high at .7476/84. This guards the downtrend at .7539. Above the downtrend would see a challenge of the .7676 June high and the .7670 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/JPY Technical Analysis: Set up points to continuation of the range-bound price action FX Street 5 years In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the Aussie Dollar could move higher and reach the 0.7476/84 band. Key Quotes "AUD/USD recently sold off to, tested and bounced off the .7310/15 recent lows. The strong rebound from here implies a reluctance to break down further currently and we are going to have to neutralise our view for now". "Following such a strong rebound on Friday, we are going to have to allow for a recovery to the 55 day ma and recent high at .7476/84. This guards the downtrend at .7539. Above the downtrend 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.
