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AUD/USD could visit the 0.7230 level – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 7, 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 pair could attempt to reach the 0.7230 level.

    Key Quotes

    AUD/USD continues to rebound. The market has divergence on the weekly and monthly RSI”.

    “It suggests a further small rebound near term towards its 55 day ma at .7183 and possibly the base of the cloud at .7230, but while capped here, it remains overall negative”.

    “Medium term we continue to target the September low at .6940. Below it lies the .6905 recent low and also the .6774 2004 low”.
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