AUD/USD could test 0.7759 – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the Aussie dollar could extend the upside towards 0.7760.

Key Quotes

“AUD/USD continues to see a recovery from the base of the channel and currently having pushed through the mid point of the channel the odds have increased for a retest of the top of the channel currently at .7759”.

“The base of the channel lies .7505 and only below here alleviates upside pressure”.