The AUD/USD pair has reached long-term Fibonacci levels at 0.7574/0.7639 and Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the aussie to see some consolidation at this point. Key quotes “AUD/USD has reached the long-term Fibonacci retracements at 0.7574 and 0.7639, these were our medium-term targets, we would allow for some near-term profit taking here, we have 13 counts on the intraday charts and this adds weight to this view. These are the break points longer-term for the 2018 peak at 0.8135. We suspect that the market may see some consolidate here near-term.” “The aussie stays immediately bid near-term while above the accelerated uptrend at 0.7450 and the 20-day ma at 0.7402. Below here we have 0.7255, the November 19 low, and the 55-day moving average at 0.7252.” 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 S&P 500 Index to soar to 4,100 by June-2021 on a vaccine deployment early next year – UBS FX Street 2 years The AUD/USD pair has reached long-term Fibonacci levels at 0.7574/0.7639 and Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the aussie to see some consolidation at this point. Key quotes “AUD/USD has reached the long-term Fibonacci retracements at 0.7574 and 0.7639, these were our medium-term targets, we would allow for some near-term profit taking here, we have 13 counts on the intraday charts and this adds weight to this view. These are the break points longer-term for the 2018 peak at 0.8135. We suspect that the market may see some consolidate here near-term.” “The aussie stays immediately… 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.
