AUD/USD closed at 0.7079 on Friday, validating the bearish view put forward by the long upper shadow attached the preceding day’s doji candle. The bearish reversal indicates the bounce from lows near 0.70 has likely made a temporary high at 0.7168 (Thu’s high) and the immediate support at 0.7041 (Mar. 14 low) could soon come into play. The immediate bearish case would weaken if the spot finds acceptance above 0.7090 (the low of Thursday’s doji candle). Daily chart Trend: Bearish 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 prints fresh six week low at 109.70 FX Street 4 years AUD/USD closed at 0.7079 on Friday, validating the bearish view put forward by the long upper shadow attached the preceding day's doji candle. The bearish reversal indicates the bounce from lows near 0.70 has likely made a temporary high at 0.7168 (Thu's high) and the immediate support at 0.7041 (Mar. 14 low) could soon come into play. The immediate bearish case would weaken if the spot finds acceptance above 0.7090 (the low of Thursday's doji candle). Daily chart Trend: Bearish 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.
