OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: AUD/USD potential decline long-term – Commerzbank

The Aussie dollar is cashing up part of today’s gains, after stronger-than-expected data in the domestic backyard plus the recent decision of the RBA to remain on-hold have fuelled the upside back to the key limestone of 1.0300

“At this stage we remain unable to rule out a deeper retracement to tougher resistance at 1.0375/80 and at 1.0395 the 55 day ma, where we should again see failure”, suggested Karen Jones, Head of FICC Technical Analysis at the German lender Commerzbank.

The analyst added “Our longer-term outlook is negative, and we target is .9805, the 2011-2012 support line and then .9404 the 2009 peak”.

Forex: USD/CHF threatens daily highs

As the dollar continues to benefit from the broad cautious mood, USD/CHF has continued to advance during the New York session, and recently reached its highest level in almost 4 months at 0.9480.
Read more Previous

USD muted after Fed’s Beige Book

The greenback keeps the upbeat tone after the Fed’s Beige Book, that eventually proved to be a non-event, as markets remain focused on tomorrow’s ECB and BoE monthly gatherings and Friday’s NFP...
Read more Next
Start livechat