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