Back
17 Sep 2013
Flash: AUD/USD, break of 0.9325/55 targets 0.95 - JPMorgan
FXstreet.com (Barcelona) - The key break through 0.9325/55 zone on Monday represents a bullish development for the AUD/USD, notes Niall O'Connor, FX Strategist at JP Morgan Securities.
Key Quote
"Note that a push above this key level would imply a closer test of the .9500/10 zone, near the 38.2% retracement of the decline from April and a perceived max for any extended corrective phase."
Key Quote
"Note that a push above this key level would imply a closer test of the .9500/10 zone, near the 38.2% retracement of the decline from April and a perceived max for any extended corrective phase."