AUD/USD key downside levels – Commerzbank
By FXStreet FXStreet (Guatemala) – Karen Jones, chief analyst at Commerzbank explained the technical downside potential in AUD/USD.
Key Quotes:
“Below 0.7050 will alleviate immediate upside pressure and retarget the 0.6905 recent low and then 0.6774 the 2004 low longer term. We note the 13 count on the 240 minute chart and this adds weight to the idea of failure here.
Above 0.7205 will alleviate downside pressure and retarget the 0.7448 July 21 high.”
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Source:: FX Street
