1 Dec 2015
AUD/USD bullish above 0.7158 – Commerzbank
FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the outlook for the Aussie dollar remains bullish above 0.7158.
Key Quotes
“AUD/USD continues to recover near trm following its recent break last week above the 2014-2015 downtrend”.
“Dips lower should continue to find support at the 55 day ma at .7158, and while this holds an immediate upside bias will remain. Below it lies the .7017 November low and the September low at .6940”.
Key Quotes
“AUD/USD continues to recover near trm following its recent break last week above the 2014-2015 downtrend”.
“Dips lower should continue to find support at the 55 day ma at .7158, and while this holds an immediate upside bias will remain. Below it lies the .7017 November low and the September low at .6940”.