FXStreet — in the Short term, remains the perspective for the currency pair AUD/USD is negative as long as it is under 0,7471 listed, said 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.
** FXStreet News Editorial, FXStreet**
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