- Analytics
- News and Tools
- Market News
- AUD/USD to lurch higher towards the resistance line at 0.7616 – Commerzbank
AUD/USD to lurch higher towards the resistance line at 0.7616 – Commerzbank
AUD/USD has advanced beyond 0.7500 and closes in on the multi-month highs it set at 0.7548 last week. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the aussie to surpass the 200-day moving average (DMA) at 0.7562 to challenge the 0.7616 mark.
Attention is again on the 200-DMA
“AUD/USD is bid near-term and capable of retesting the 200-DMA at 0.7562.”
“Near-term risks are shifting to the topside and above the 200-DMA lies the seven-month resistance line lies at 0.7616 and we will need to regain this zone for further upside impetus.”
“Dips should find interim support at 0.7427 the 4th August high and 0.7387 (20-day ma) and this guards the 29th September low at 0.7171.”
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
