Forex Flash: AUD/USD may drop to key support at 1.0363/45 - Commerzbank
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AUD/USD
FXstreet.com (Barcelona) - Commerzbank analysts see the AUDUSD facing tough resistance offered by the downtrend at 1.0557, but the 55-week MA at 1.0363 keeps supporting the market, as well as a minor low at 1.0345. "Directly above the downtrend lies the 1.0613/24 resistance area (August and September highs) and this should continue to offer stiff resistance", wrote analyst Karen Jones, looking for the market to remain capped by downtrend and attention to gradually revert to support at 1.0363/1.0345 (break point to the 1.0288 November low and the 1.0149 October low).
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