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AUD/USD was at four year lows – Commerzbank

FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank noted that the AUD/USD sold off into new 4 -year lows.

Key Quotes:

AUD/USD sold off into new 4 -year lows following its rejection from the 3 month resistance line at 0.8700”

“Intraday rallies are indicated to terminate 0.8585/0.8605".

"Initial resistance is the downtrend at 0.8700. Key resistance remains to be
seen at the October high at 0.8911”.

“Risks are on the downside while trading below there medium term”.

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