The AUD/USD pair has reached the 0.7484 July 2018 high but the daily Relative Strength Index (RSI) has not confirmed the new high. Nonetheless, Karen Jones, Team Head FICC Technical Analysis Research, stays bullish while the aussie trades above the 20-day moving average at 0.7366 and targets the double Fibonacci resistance at 0.7574/0.7639. Key quotes “AUD/USD remains extremely bid despite the recent high not being confirmed by the daily RSI. The aussie reached the 0.7484 July 2018 peak and will need to close above here for another leg higher.” “The pair stays immediately bid near term while above the 20-day ma at 0.7366.” “We look for a move to the long-term Fibonacci retracements at 0.7574 and 0.7639. These are the break points longer term for the 2018 peak at 0.8135.” “Below the 20-day ma lies 0.7255, the November 19 low, and the 55-day moving average at 0.7226.” 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 Brazil: BCB to act before Q3 in case of real instability – TDS FX Street 2 years The AUD/USD pair has reached the 0.7484 July 2018 high but the daily Relative Strength Index (RSI) has not confirmed the new high. Nonetheless, Karen Jones, Team Head FICC Technical Analysis Research, stays bullish while the aussie trades above the 20-day moving average at 0.7366 and targets the double Fibonacci resistance at 0.7574/0.7639. Key quotes “AUD/USD remains extremely bid despite the recent high not being confirmed by the daily RSI. The aussie reached the 0.7484 July 2018 peak and will need to close above here for another leg higher.” “The pair stays immediately bid near term while above the 20-day… 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.
