3 Sep 2013
Flash: AUD/USD remains exposed, additional downside projected – Commerzbank
FXstreet.com (Lisbon) - Karen Jones, an analyst at Commerzbank analyzes the short-term and technical outlook of the AUD/USD.
Key quotes
“The AUD/USD continues to rebound very near term from the 0.8848 August low. While we would allow for a small rebound, we look for these rebounds to remain tepid.”
“Both the 55-day moving average at 0.9119 and cloud resistance at 0.9198 offer some immediate tough overhead obstacles and while capped here the August low at 0.8848 remains exposed.”
Key quotes
“The AUD/USD continues to rebound very near term from the 0.8848 August low. While we would allow for a small rebound, we look for these rebounds to remain tepid.”
“Both the 55-day moving average at 0.9119 and cloud resistance at 0.9198 offer some immediate tough overhead obstacles and while capped here the August low at 0.8848 remains exposed.”