- Analytics
- News and Tools
- Market News
- AUD/USD could still drop to the 0.7230 region - Commerzbank
AUD/USD could still drop to the 0.7230 region - Commerzbank
FXStreet reports that Karen Jones, Team Head FICC Technical Analysis Research, suggests that a move to the 200-day SMA in the 0.7230-region in AUD/USD still remains on the cards.
“AUD/USD has seen only a tepid correction higher, which has remained contained by the 20-day ma at .7423 and the resistance line at .7423, leaving the market on the defensive.”
“While capped here, we target initially the 200 week ma at .7232. Longer-term there is scope for .7054/.6991.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
