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Thomson Reuters
Mar 12 - 02:36 PM
AUD/USD - Boost Close To Extending
First appeared on eFXplus on Mar 12 - 10:15 AM
  • AUD bid against most majors after Australia exempted from US tariffs
  • AUD/USD gaps up on Sunday open, little correction seen, suggests higher
  • Techs favor bulls, 21-DSMA supports and RSIs biased up with room to run
  • 0.7875/95 is key; 38.2 Fib of 0.8136-0.7713, 55-DSMA & Feb 26 high sit there
  • If cleared stops likely get run, Feb 19 and 16 highs are then targeted

chart: Click here

Thomson Reuters IFR Markets


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