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Derived real-time data in partnership with:
Thomson Reuters
Jun 06 - 09:48 PM
AUD/USD - Getting Into Position For Breakout Toward 200 DMA
First appeared on eFXplus on Jun 06 - 08:05 PM
  • AUD/USD hovers near trendline resistance 0.7675, which held on Wed
  • Needs to close above to get a shot at 200 DMA looming at 0.7754
  • Clean break through Ichimoku Cloud resistance top 0.7696 would help
  • Pullback on failure to break trendline will attract dip-buying
  • Floor of Bollinger uptrend channel meets Cloud base near 0.7615
  • Generally risk-on sentiment prevails after China and Aus data beat

AUD: Click here

Source:
Thomson Reuters IFR Markets

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