FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the likeliness of the spot testing the 0.7367/0.7439 area prior to failure. Key Quotes “AUD/USD no change – looking for overall failure, but suspect that we are likely to see a retest of the .7367/.7439 region first”. “The market last week tested and is showing signs of initial failure at resistance offered by the .7385 Fibo retracement, .7367 2014-2015 downtrend and the .7439 August high. We look for this to provoke failure”. For more information, read our latest forex news.