AUD/USD is trading in the green at 0.7023 at press time., having printed a session high of 0.7032 earlier today. On the 15-minute chart, the pair carved out an inverse head-and-shoulders breakout earlier today, opening doors for a stronger corrective bounce to 0.7058 (target as per the measured move method). So far, however, that move higher has remained elusive. Further, any gains to 0.7058 or above could be short-lived, courtesy of dovish RBA expectations. The dismal Aussie inflation numbers released this week have convinced many that the central bank would cut rates in May. 15-minute chart Trend: Oversold bounce 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 AUD/USD Forecast April 22-26 – Weak economic outlook could spell trouble for Aussie Kenny Fisher 4 years AUD/USD is trading in the green at 0.7023 at press time., having printed a session high of 0.7032 earlier today. On the 15-minute chart, the pair carved out an inverse head-and-shoulders breakout earlier today, opening doors for a stronger corrective bounce to 0.7058 (target as per the measured move method). So far, however, that move higher has remained elusive. Further, any gains to 0.7058 or above could be short-lived, courtesy of dovish RBA expectations. The dismal Aussie inflation numbers released this week have convinced many that the central bank would cut rates in May. 15-minute chart Trend: Oversold… 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.
