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21 Jun 2021
AUD/USD may extend its slide below six-months lows at 0.7463 – Commerzbank
The US Dollar continues to appreciate across the board. AUD/USD trades in six-month lows near the 0.7463 December 21 low and could extend its fall to the 0.7346/40 region, as reported by Commerzbank.
Initial resistance seen at 0.75330/64
“AUD/USD tumbled through the 200-day moving average at 0.7554 and the 0.7533 April low close to the late December low at 0.7463. Below it the September high can be spotted at 0.7413 and the mid-September and early November highs at 0.7346/40.”
“Initial resistance above the February and April lows as well as the 200-day moving average at 0.75330/64 can be seen at the 0.7646 early June low. Further minor resistance lies at the 0.7675/91 April 22 to May lows as well as along the 55-day moving average at 0.7721.”