Forex Flash: AUD/USD rebounded off to its 55-week MA - Commerzbank

By
A A A
Share |

FXstreet.com (Barcelona) - The AUD/USD started 2013 with a strong rally after failure at its 2011-12 downtrend line at 1.0564 by year end. "Directly overhead the downtrend and the 1.0613/24 resistance area (August and September highs) should continue to offer stiff resistance", wrote analyst Karen Jones, adding that the market has rebounded off to its 55 week ma at 1.0355 and "this together with the minor low at 1.0345 represents the break point to the 1.0288 November low and the 1.0149 October low".



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

Referenced Stocks:

FXstreet.com

FXstreet.com

More from FXstreet.com:

Related Videos

Stocks

Referenced

Most Active by Volume

27,199,712
  • $35.185 ▼ 3.04%
22,063,828
  • $62.325 ▼ 1.12%
17,013,621
  • $16.3324 ▲ 0.26%
13,737,762
  • $4.58 ▲ 0.44%
13,350,006
  • $74.883 ▲ 2.78%
12,457,784
  • $25.97 ▼ 2.95%
11,437,935
  • $47.39 ▼ 1.11%
11,387,339
  • $87.14 ▼ 0.45%
As of 4/23/2014, 10:44 AM