AUD/USD seems to have stabilised in the neutral territory, just above the 0.6900 level, ahead of the 0.7032 December high which is expected to be broken, according to economists at Credit Suisse whose bias stays to the upside. Key quotes “With weekly MACD turning higher we expect an eventual move higher following this short-term period of consolidation. Above the December 2019 high at 0.7032 and July 2019 high and 78.6% retracement of the April 2019/March 2020 downfall at 0.7082/92 in due course then would further reinforce the view of a broader change in trend to the upside and see a move back to the 61.8% retracement of the fall from 2018 at 0.7133/40 ahead of a renewed test of the April and late February 2019 highs at 0.7206/07.” “Support at the 200-day average and 23.6% retracement of the March/June surge at 0.6696/66 ideally holds.” 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 India, China military officials agree to disengage troops in disputed border area FX Street 2 years AUD/USD seems to have stabilised in the neutral territory, just above the 0.6900 level, ahead of the 0.7032 December high which is expected to be broken, according to economists at Credit Suisse whose bias stays to the upside. Key quotes “With weekly MACD turning higher we expect an eventual move higher following this short-term period of consolidation. Above the December 2019 high at 0.7032 and July 2019 high and 78.6% retracement of the April 2019/March 2020 downfall at 0.7082/92 in due course then would further reinforce the view of a broader change in trend to the upside and see a… 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.
