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26 Nov 2014
AUD/USD was at four year lows – Commerzbank
FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank noted that the AUD/USD sold off into new 4 -year lows.
Key Quotes:
“AUD/USD sold off into new 4 -year lows following its rejection from the 3 month resistance line at 0.8700”
“Intraday rallies are indicated to terminate 0.8585/0.8605".
"Initial resistance is the downtrend at 0.8700. Key resistance remains to be
seen at the October high at 0.8911”.
“Risks are on the downside while trading below there medium term”.
Key Quotes:
“AUD/USD sold off into new 4 -year lows following its rejection from the 3 month resistance line at 0.8700”
“Intraday rallies are indicated to terminate 0.8585/0.8605".
"Initial resistance is the downtrend at 0.8700. Key resistance remains to be
seen at the October high at 0.8911”.
“Risks are on the downside while trading below there medium term”.