Forex Flash: AUD/USD rebounded off to its 55-week MA - Commerzbank

FXstreet.com (Barcelona) - The AUDUSD started 2013 with a strong rally after failure at its 2011-12 downtrend line at 1.0564 by year end. "Directly overhead the downtrend and the 1.0613/24 resistance area (August and September highs) should continue to offer stiff resistance", wrote analyst Karen Jones, adding that the market has rebounded off to its 55 week ma at 1.0355 and "this together with the minor low at 1.0345 represents the break point to the 1.0288 November low and the 1.0149 October low".