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Thomson Reuters
Dec 05 - 02:36 AM
AUD/USD - Sinks Again As AXJ Currencies Hit
First appeared on eFXplus on Dec 05 - 12:55 AM
  • AUD/USD hits a low of 0.7282 on broad USD strength, AXJ weakness
  • Recovery after soft GDP short lived as trade worries remain
  • USD/CNH rises to 6.8725 as hopes for a trade deal fadenL4N1YA1NB
  • Support at 10 and 21 DMAs at 0.7285/67, close below latter bearish
  • Initial resistance at Weds high of 0.7355, then 0.7395/15
  • Momentum studies and 5 DMA cresting, potentially bearish signals

AUD daily: Click here

Source:
Thomson Reuters IFR Markets

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