May 15, 2013
Forex Flash: AUD/USD has remained under pressure - Commerzbank
FXstreet.com (London) - With the Aussie through parity, Analyst, Karen Jones at Commerzbank who had been targeting this level the market currently trades at 0.9871/62 tells us that this is the location of the 200 week ma and the 2011-2013 uptrend and that they are cautious of a rebound here. They noted a TD perfected set up and say that this often warns of corrective rebounds. She said that any rallies are expected to find that the previous range lows at 1.0000/16 that will offer good interim resistance and they would expect the market to remain capped by the 1.0237 short-term downtrend.