AUD/USD: Outlook remains under 0,7471 negative — Commerzbank

FXStreet — in the Short term, remains the perspective for the currency pair AUD/USD is negative as long as it is under 0,7471 listed, said Karen Jones, head of FICC Technical analysis at Commerzbank.

Important Quotes:

The downward correction has reached the downward channel at 0,7461. With a pressure-including further losses could be on the Basis of the converging triangle at 0,7308.

A jump over the channel top is expected to allow a recovery in the direction of 0,7538 (the 200-day line). After that, the next target price is located on the upper side of the triangle in 0,7722.

** FXStreet News Editorial, FXStreet**

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