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5 Jun 2014
AUD/USD bullish above 0.9203 – Commerzbank
FXStreet (Edinburgh) - The pair would keep the bullish stance as long as it trades above the 0.9203 level, according to Karen Jones, Head of FICC Technical Analysis at Commerzbank.
Key Quotes
“AUD/USD the focus remains on the .9203 low (we have seen 5 tests of this level) and currently we are unable to rule out a retest of this support”.
“While it holds, we will assume that it is well placed to tackle the .9371 resistance line”.
“We will assume while above .9203 an upside bias persists, only below here would introduce scope to .9155 and .9060”.
Key Quotes
“AUD/USD the focus remains on the .9203 low (we have seen 5 tests of this level) and currently we are unable to rule out a retest of this support”.
“While it holds, we will assume that it is well placed to tackle the .9371 resistance line”.
“We will assume while above .9203 an upside bias persists, only below here would introduce scope to .9155 and .9060”.