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10 Jun 2014
AUD/USD supported by 0.9320/10 – Commerzbank
FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the area of 0.9320/10 to be a decent support in case of intraday dips.
Key Quotes
“AUD/USD is probing the 7 month resistance line, this is today located at .9364. This is now under pressure following the 5 tests of the .9203 support, which continues to under pin the market”.
“Intraday dips are indicated to terminate circa .9320/10”.
“We will assume while above .9203 an upside bias persists, only below here would introduce scope to .9155 and .9060”.
Key Quotes
“AUD/USD is probing the 7 month resistance line, this is today located at .9364. This is now under pressure following the 5 tests of the .9203 support, which continues to under pin the market”.
“Intraday dips are indicated to terminate circa .9320/10”.
“We will assume while above .9203 an upside bias persists, only below here would introduce scope to .9155 and .9060”.