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AUD/USD key levels - Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 17, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank suggested levels in AUD/USD that has dropped to key supporting territory.

    AUD/USD falls to 1-month lows

    Key Quotes:

    "Ideally we will see intraday rallies fail around 0.7333 for losses into the low 0.7000 region. Below the market lies the 0.7017 November low and the September low at 0.6940. Nearby support is the recent low at .7184.

    Above 0.7333 lies 0.7381/85, the October high and the 38.2% retracement and the 0.7443 200 day ma. While capped here the market will remain directly offered."
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