-
Technical Setups For AUD/USD, NZD/USD, USD/CAD - Commerzbank
The following are the latest technical setups for AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Commerzbank. AUD/USD: AUD/USD is under pressure in its range, the intraday Elliott counts are neutral to negative and we suspect that we are now less likely to see a recovery to the.9505 July high and .9523 Fibonacci retracement. Staying below .9330 will trigger losses to the .9203/.9194 May low and 200 day ma. We also find the 55 week ma in this vicinity at .9188 and the 32.8% retracement at .9195. These represent major break down points short term. NZD/USD: NZD/USD has sold off aggressively ... (full story)