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17 Sep 2013
Flash: AUD/USD heading towards a slide? – Commerzbank
FXstreet.com (London) - Karen Jones at Commerzbank comments on some key levels, and to the upside, the pair has tested key 0.9388, rejected to support 0.9320.
Key Quotes:
“AUD/USD key resistance remains at .9388/.9404 (2011 low and 2009 high) and we look for this to continue to cap the topside and we look for failure in and around this zone”.
“We have minor support at .9225 and below here should trigger a slide to the 55-day ma at .9119”.
“Recommended Trade: Add at .9375 with a stop at .9410 and target at .8750”
Key Quotes:
“AUD/USD key resistance remains at .9388/.9404 (2011 low and 2009 high) and we look for this to continue to cap the topside and we look for failure in and around this zone”.
“We have minor support at .9225 and below here should trigger a slide to the 55-day ma at .9119”.
“Recommended Trade: Add at .9375 with a stop at .9410 and target at .8750”