FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees spot squeezing higher to the 0.7050/0.7100 area ahead of another leg lower. Key Quotes “AUD/USD sold off throughout the week and attention is on the September low at .6905”. “We note the 13 count and divergence of the 240 minute RSI on the 240 minute chart and would allow for a small rebound to .7050/.7100 ahead of further losses”. “Risks are on the downside longer term and we target the .6774 2004 low”. For more information, read our latest forex news.