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Thomson Reuters
Dec 30 - 05:00 PM
AUD/USD - Gaps Higher Early On US/China Trade Optimism
First appeared on eFXplus on Dec 30 - 02:45 PM
  • Gapped from 0.7038 NY close to open after an hour in Asia at 0.7055
  • China/US trade optimism from both sides, likely behind the move nL1N1YY055
  • Monday morning opening gaps are usually filled - China PMI's lead data
  • Inside day on Friday & consolidation last week leaves the downtrend stalled
  • A close above 0.7069 falling 10 DMA would undermine the downside bias
  • 0.7038 NY close and the London 0.7068 high are initial support/resistance

aud dec 31 Click here

Source:
Thomson Reuters IFR Markets

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