AUD/USD recovery points to 0.9378 and 0.9460 – Commerzbank

FXStreet (Edinburgh) - The current rebound in the AUD/USD could lead to a re-visit of recent highs near 0.9460, notes Karen Jones, Head of FICC Technical Analysis at Commerzbank.

Key Quotes

“AUD/USD consolidated recent gains. The market recently shot higher, through its 20 day ma and in doing so reasserts its up move”.

“We look for a recovery to the .9378 and .9460 recent highs and longer term towards the .9758 October 2013 high”.

“Dips lower are likely to find that the 20 day ma offers support at .9320, ahead of .9200, which is regarded as an interim low”.