The pair stays upside corrective and could attempt a test of the 0.7630/0.7700 band, noted Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “AUD/USD‘s dip lower has the near term support line and remains near term upside corrective. It has recently based at .7413 and we would allow for a deeper corrective phase into the .7630/.7700 band, where we suspect that the rally will fail. The March low is at .7643″. “Below .7413 lie the next lower May 2017 lows at .7373/.7330. Longer term we look for a move to the 2001-2018 uptrend line at .7156″. 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 Italy’s Five Star movement leader Luigi Di Maio: Never sought a Euro exit FX Street 5 years The pair stays upside corrective and could attempt a test of the 0.7630/0.7700 band, noted Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes "AUD/USD's dip lower has the near term support line and remains near term upside corrective. It has recently based at .7413 and we would allow for a deeper corrective phase into the .7630/.7700 band, where we suspect that the rally will fail. The March low is at .7643". "Below .7413 lie the next lower May 2017 lows at .7373/.7330. Longer term we look for a move to the 2001-2018 uptrend line at .7156". 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.
