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Forex Flash: EUR/USD ideally to fail at 1.3113 – Commerzbank

FXstreet.com (Barcelona) - Having rallied higher towards the 1.3113 2013 resistance line, Commerzbank analysts would like to see failure there, but acknowledge that key resistance is the 1.3225 50% retracement, and while capped here their negative bias remains and attention is on the 1.2959 200 day ma. “We should see failure shortly and a slide to 1.2839, the 78.6% retracement of the move up in April. This is the last defense for the 1.2740 recent low”, wrote analyst Karen Jones, pointing to key support at 1.2679/61(61.8% Fibonacci retracement of the July-to-January rise and the November 2012 low).

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Forex: AUD/USD retreats to 1.0350

After hitting fresh session highs around 1.0370, the Aussie dollar has initiated a correction lower to the current levels in the vicinity of 1.0350, as risk aversion is creeping back to the markets...
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