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”.
