AUD/USD faltered ahead of the near-term downtrend. According to Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, a close below the 0.7564 February low is set to trigger a slide to the 0.7463 mark. See: AUD/USD set to continue south as virus seasonality hits Australia – Nordea AUD/USD is offered below the 55-DMA at 0.7713 “AUD/USD spent last week capped by initial resistance at the 0.7663/93 late February low and late March high and also along the 55-day ma at 0.7713 and this leaves the market on the defensive.” “A close below the 0.7564 February low would probably trigger a slide to the 0.7463 December 21 low and the 0.7413 September high. The 200-day ma is in close proximity to this at 0.7411 and should hold the downside.” 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 NZD/USD: Tech Setup Favors A Squeeze Lower Towards 0.6942 Ahead Of 0.6898 – Citi Kenny Fisher 2 years AUD/USD faltered ahead of the near-term downtrend. According to Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, a close below the 0.7564 February low is set to trigger a slide to the 0.7463 mark. See: AUD/USD set to continue south as virus seasonality hits Australia - Nordea AUD/USD is offered below the 55-DMA at 0.7713 "AUD/USD spent last week capped by initial resistance at the 0.7663/93 late February low and late March high and also along the 55-day ma at 0.7713 and this leaves the market on the defensive." "A close below the 0.7564 February low… 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.
