10:21:02 19-10-2021
AUD/USD set to extend its impressive advance to the 200-DMA at 0.7567 – Commerzbank
AUD/USD is the top gainer of the day so far alongside the kiwi. The aussie is trading close to the September high at 0.7477. Above here, the pair would target the 200-day moving average at 0.7567, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank ,reports.
AUD/USD maintains upside pressure
“AUD/USD held steady yesterday and remains well-placed to tackle the September peak at 0.7477. The 55-week ma lies at 0.7513 and the 200-day ma 0.7567.”
“Very near-term we would allow for a small retracement, but this is indicated to hold around 0.7350/25.”
“Dips should find interim support at 0.7313 (20-day ma) and this guards the 29th September low at 0.7171.”