AUD/USD Remains Vulnerable – Commerzbank

AUD/USD Remains Vulnerable – Commerzbank

19 May 2016, 11:38
Roberto Jacobs
0
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AUD/USD Remains Vulnerable – Commerzbank

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the Aussie dollar could accelerate the downside to 0.6828.

Key Quotes

AUD/USD has eroded the 200 day ma at .7260, this is negative. The intraday Elliott wave are more negative”.

“The move below .7213 (61.8% retracement) on a closing bias will prove critical and suggest a return to the .6828 January low”.


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