AUD/USD is approaching the mark of 0.75

FXStreet — The currency pair AUD/USD maintained its gains in the American business to expand because of the Greenback against its rivals under pressure. Finally, the currency traded pair on 0,7483 and 0.3 percent in the Plus.

In the short term, the prospects for the currency remain pair AUD/USD is negative as long as it saved 0,7471, explained Karen Jones, head of FICC Technical analysis at Commerzbank. “The downward correction has reached the downward channel at 0,7461. With a pressure-including further losses could be on the Basis of the converging triangle at 0,7308. A jump over the channel top is expected to allow a recovery in the direction of 0,7538 (the 200-day line). After that, the next target price is located on the upper side of the triangle in 0,7722“.

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Technical Perspective

The next resistance are at 0,7500 (psychological mark), 0,7555 (20 WMA) and 0,7610 (High-17. April). Supports on the other hand, 0,7430 (20-day line), 0,7330 (Deep 09. May) and 0,7285 (Deep 06. To find in January).

** FXStreet News Editorial, FXStreet**

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