AUD/USD’s strong recovery implies a deeper corrective rally may be on the cards, in the opinion of Karen Jones from Commerzbank. Key quotes “AUD/USD has seen a strong recovery and the possibility of a deeper retracement to 0.6450 (61.8% retracement) remains viable.” “The market is finding some support at 0.5980 and only below here attention reverts to 0.5873 (26th March low).” “Initial resistance is 0.6275 the 50% retracement.” 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/CNY: Edging higher after completing a base – Credit Suisse FX Street 2 years AUD/USD’s strong recovery implies a deeper corrective rally may be on the cards, in the opinion of Karen Jones from Commerzbank. Key quotes “AUD/USD has seen a strong recovery and the possibility of a deeper retracement to 0.6450 (61.8% retracement) remains viable.” “The market is finding some support at 0.5980 and only below here attention reverts to 0.5873 (26th March low).” “Initial resistance is 0.6275 the 50% retracement.” 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.
