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AUD/USD: door open for a pullback to 0.7435/0.7335? – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, spot could re-visit the 0.7435/0.7335 band following recent tops near 0.7600.

    Key Quotes

    AUD/USD has spiked to .7593 yesterday, by this has been accompanied by a TD perfected set up and for now the daily Elliott wave is indicating dips to .7435/.7335 are likely near term”.

    “Currently if we assume that AUD/USD has based the measurement higher extends to .7760”.
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