Back
18 Mar 2016
AUD/USD risks a decline to 0.7520/0.7415 – Commerzbank
In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the Aussie dollar could slip towards the 0.7520/0.7415 area.
Key Quotes
“AUD/USD’s move higher has reached the 61.8% retracement at 0.7650/52 and we notice the 13 count on the daily chart and some caution is necessary.
“The intraday Elliott count is suggesting a retracement to .7520/.7415”.
Key Quotes
“AUD/USD’s move higher has reached the 61.8% retracement at 0.7650/52 and we notice the 13 count on the daily chart and some caution is necessary.
“The intraday Elliott count is suggesting a retracement to .7520/.7415”.