Flash: AUD/USD has the 200 day moving average at .9758 in focus - Commerzbank

FXstreet.com (Athens) – Axel Rudolph, Technical Analyst at Commerzbank says that the AUD/USD has so far reached the .9665 June high and still targets the 200 day moving average at .9758 around which recent upside momentum should diminish.

Key Quotes

“If not, the 97.92 June peak could also be reached. Only a, for now unexpected, slide below the .9390 October 10 low would alleviate immediate upside pressure and trigger a retest of the 38.2% Fibonacci retracement support level at .9283.”