Trader, analyst and instructor with a 6-year experience

Commerzbank: sell AUD/USD

Meanwhile, strategists at Commerzbank are short on AUD/USD from $0.9375 with a stop at $0.9410 and target at $0.8750. 

“AUD/USD key resistance remains at $0.9388/0.9404 (2011 low and 2009 high) and we look for this to continue to cap the topside. We have minor support at $0.9225. Decline below here should trigger a slide to the 55-day MA at $0.9120”. 

Chart. Daily AUD/USD



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