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AUD/USD could test 0.7759 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the Aussie dollar could extend the upside towards 0.7760.

    Key Quotes

    AUD/USD continues to see a recovery from the base of the channel and currently having pushed through the mid point of the channel the odds have increased for a retest of the top of the channel currently at .7759”.

    “The base of the channel lies .7505 and only below here alleviates upside pressure”.
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