AUD/USD bullish above 0.7158 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 1, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the outlook for the Aussie dollar remains bullish above 0.7158.

    Key Quotes

    AUD/USD continues to recover near trm following its recent break last week above the 2014-2015 downtrend”.

    “Dips lower should continue to find support at the 55 day ma at .7158, and while this holds an immediate upside bias will remain. Below it lies the .7017 November low and the September low at .6940”.
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