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Derived real-time data in partnership with:
Thomson Reuters
May 31 - 08:36 PM
AUD/USD - Signals Support, But Bulls Need 0.7613 Break
First appeared on eFXplus on May 31 - 06:35 PM
  • Flat pre Tokyo after closing -0.16% - modest risk off, AUD/JPY closed -0.24%
  • No tier 1 data - US payrolls, EZ politics & trade tensions = consolidation
  • Soft close negated Wednesday's bullish outside day - familiar levels
  • Positive momentum studies, 5, 10 & 20 DMAs edge higher without conviction
  • Modest bullish setup needs a close above 0.7613, 50% Apr/May fall to confirm
  • NY 0.7555/0.7593 range is initial support/resistance - 0.7520 452M strikes

aud jun 1 Click here

Source:
Thomson Reuters IFR Markets

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