The Aussie Dollar remains upside corrective for the time being, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “AUD/USD charted an interim low last week and is upside corrective near term. It is bouncing from the May 2017 lows at .7373/.7330. Rallies are indicated to be likely to head to .7570 and slightly longer term we look for a move to the 2001-2018 uptrend line at .7156. Initial resistance lies at .7477 the 30th May low. This guards resistance offered by the downtrend at .7622″. “Above the downtrend lies the 200 day ma at .7718. Only above here will target the .7813 April high”. 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 Bitcoin Cash price analysis: BCH/USD buyers battling tooth and nail to keep the support at $735 FX Street 3 years The Aussie Dollar remains upside corrective for the time being, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes "AUD/USD charted an interim low last week and is upside corrective near term. It is bouncing from the May 2017 lows at .7373/.7330. Rallies are indicated to be likely to head to .7570 and slightly longer term we look for a move to the 2001-2018 uptrend line at .7156. Initial resistance lies at .7477 the 30th May low. This guards resistance offered by the downtrend at .7622". "Above the downtrend lies the 200 day ma at .7718. Only… Top 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.
