AUD/USD probable move to 0.7300 and above – Commerzbank

Pablo Piovano FXStreet

In view of Axel Rudolph, Senior Analyst at Commerzbank, the pair could attempt another visit to levels around/beyond the 0.7300 mark.

Key Quotes

“AUD/USD retested the 55 day moving average at .7167 before recovering. Below it lies the mid-October high at .7160. Provided that the latter level holds, the September and current November highs at .7302/14 are expected to be revisited”.

“If this resistance zone were to be bettered, the 200 day moving average at .7459 and the July 9 high at .7484 would be in focus”.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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