AUD/USD negative below 0.7279 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - In the opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s stance remains negative below the 0.7279 level.

    Key Quotes

    AUD/USD still trades around the 55 day ma at .7181 while on its way to the September high at .7279. 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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