release time:

2014-01-29 20: 25: 59


Global Forex

Editor in charge: Catherine



On the upside, the bank believes that the 20-day moving average, 50-day moving average and resistance at 0.8957 should be able to suppress the Australian dollar, thereby making the market outlook still bearish.

In the short-term, Commerzbank recommends that investors do a small amount of long Australian dollars, with a target of 0.8870 and a stop loss of 0.8655.

At 14:06 Australian time on Wednesday, the AUD/USD quoted 0.8805/07.

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