Comments and forex-analytics from FBS Brokerage Company - page 15
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Commerzbank: AUD/USD on its way up to 1.0500
Australian dollar rose from the minimums in the 0.9700 area hit in the middle of March to renew the long-term maximums above 1.0300.
Technical analysts at Commerzbank expect the pair AUD/USD to continue its advance reaching 1.0375 (78.6% Fibonacci retracement of the decline from 1981 to 2001) and 1.0500.
The specialists note that the strong support for Aussie is found in the 1.0203/1.0175 zone limited by the February and early March maximums and containing internal 3-month support line.
Commerzbank: comments on USD/CHF
Technical analysts at Commerzbank claim that as long as the greenback is trading above the support at 0.9140 it still has chances to advance versus Swiss franc.
The specialists note that to confirm its upward potential the greenback has to close above the Fibonacci resistance at 0.9205.
According to the bank, if the pair USD/CHF breaks below 0.9140, it will be poised for a decline to 0.9110 and 0.8980/70 on its way down to the minimums in the 0.8852 area.