AUD/USD probable move to 0.7300 and above – Commerzbank

In view of Axel Rudolph, Senior Analyst at Commerzbank, the pair could attempt another visit to levels around/beyond the 0.7300 mark.

Key Quotes

“AUD/USD retested the 55 day moving average at .7167 before recovering. Below it lies the mid-October high at .7160. Provided that the latter level holds, the September and current November highs at .7302/14 are expected to be revisited”.

“If this resistance zone were to be bettered, the 200 day moving average at .7459 and the July 9 high at .7484 would be in focus”.