AUD/USD Could Test 0.7759 – Commerzbank
Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the Aussie dollar could extend the upside towards 0.7760.
Key Quotes
“AUD/USD
continues to see a recovery from the base of the channel and currently
having pushed through the mid point of the channel the odds have
increased for a retest of the top of the channel currently at .7759”.
“The base of the channel lies .7505 and only below here alleviates upside pressure”.
(Market News Provided by FXstreet)
