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Derived real-time data in partnership with:
Thomson Reuters
Jan 30 - 07:24 AM
AUD/USD - Cloud Break Will Bring Key 200-DMA Into Play
First appeared on eFXplus on Jan 30 - 05:10 AM
  • AUD/USD rebound is set to retest the top of the daily Ichimoku cloud
  • Cloud top is 0.7207. Last break above in Nov 18 measured rough 0.72-74
  • Similar potential but 200-DMA @ 0.7294 offers bulls a stiff test
  • AUD/USD has been trading below 200-DMA since March 2018
  • It usually pays to counter-trade an initial test of a 200-DMA
  • Month-end demand, iron ore rally, CPI beat contribute to current strength

AUDUSD daily Click here

Source:
Thomson Reuters IFR Markets

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