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Thomson Reuters
Feb 27 - 02:36 AM
AUD/USD - Regains Poise, Eyes Topside Breakout
First appeared on eFXplus on Feb 27 - 12:50 AM
  • AUD/USD bounces back from dip after terrible construction data
  • Data may impact capex Thursday and Q4 GDP next Wednesday
  • But US-China trade optimism, dovish Fed views underpin the AUD fall
  • Bounces from a low of 0.7175 back to 0.7193
  • Close above 61.8 Fibo & Feb 21 high at 0.7203/07 targets 200 DMA at 0.7257
  • Support at converging 5,10, 21 DMAs at 0.7146/54, close below bearish

AUD daily: Click here

Source:
Thomson Reuters IFR Markets

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