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Dec 23 - 12:12 PM
AUD/USD - REFILE-BUZZ-AUD/USD-Longs Hope For Close Above A Key Tech
First appeared on eFXplus on Dec 23 - 10:00 AM

Corrects data AUD/USD closed below the 200-DMA

  • Pair sets a 6-day high, climbs above the 200-DMA, nears Dec. high

  • Slide from high ensues though despite downbeat US durable goods nLNSNNEFFR

  • A key shipping index .BADInL4N28X2XM, copper slide help weigh on pair

  • Daily close above the 200-DMA would bolster already bullish technicals

  • AUD/USD closed below 200-DMA March 15, 2018 & has not closed above since

  • Close above 200-DMA & Dec. high should target 0.6990/0.7010 & July's high







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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