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Derived real-time data in partnership with:
Thomson Reuters
May 13 - 05:00 PM
AUD/USD - Opens Firmer - 0.7565/75 Pivotal Resistance
First appeared on eFXplus on May 13 - 03:45 PM
  • Opened +0.1% on a quiet weekend for market moving news - closed +0.1%
  • There is no data today, so expect tight range trading in Asia
  • Momentum studies base, 5, 10 & 20 DMAs conflict - neutral setup
  • 0.7565, 38.2% April May dip capped in early NY, 0.7574 20 DMA above
  • Sustained break of 0.7575 would turn short term signals bullish
  • NY 0.7533 low then Asia's 0.7522 Friday base initial support

aud may 14 Click here

Source:
Thomson Reuters IFR Markets

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