AUD/USD further upside if 0.9319/27 is surpassed – Commerzbank

FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the AUD/USD needs to climb beyond 0.9319/27 to see an extension of the bull run.

Key Quotes

“AUD/USD has seen a small rebound from its uptrend at .9220 and needs to overcome .9319/27, the 20 day ma and short term downtrend to re-energise upside interest (favoured)”

“This will trigger a recovery to the .9378 and .9460 recent highs”.