Flash: AUD/USD has the 200 day moving average at .9662 in focus – Commerzbank

FXstreet.com (Athens) – Axel Rudolph, Head Technical Analyst at Commerzbank says that AUD/USD is on track to reach the .9665 June high and the 200 day moving average at .9762 around which recent upside momentum should diminish.

Key Quotes

“If not, the 97.92 June peak could also be reached.Only a, for now unexpected, slide below the .9390 October 10 low would alleviate immediate upside pressure and to trigger a retest of another 38.2% Fibonacci retracement support level at .9283.”