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Thomson Reuters
Jan 11 - 12:12 AM
AUD/USD - Eyes Further Gains As Risk Rally Extends
First appeared on eFXplus on Jan 10 - 10:40 PM
  • AUD/USD briefly touches 0.7205 on solid retail sales data
  • AUD/USD early low of 0.7182, before a risk-on move as USD/CNY breaks 6.7700
  • Mnuchin says Liu He likely to visit US in late Jan, sparking trade optimism
  • 100 & 55 DMAs at 0.7176/82 initial support, then recent 0.7135/45 lows
  • Topside resistance at 76.4 Fibo at 0.7234, Dec 13 high at 0.7247
  • S/t MAs and momentum studies support further gains in risk-positive climate

AUD daily: Click here

Source:
Thomson Reuters IFR Markets

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