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Derived real-time data in partnership with:
Thomson Reuters
Dec 21 - 12:12 AM
AUD/USD - Bounces But Struggling For Traction
First appeared on eFXplus on Dec 20 - 10:25 PM
  • AUD/USD bounces on general USD weakness in Asia
  • Range for Asia 0.7103/23, last at 0.7113
  • Resistance seen at initial low and Thursday high at 0.7150
  • Weds/Thurs lows at 0.7086/87 initial support, then trend low at 0.7021
  • Momentum studies and 5,10, 21 DMAs all head lower - bearish setup
  • Risk off markets in Asia, but squeeze of USD longs helps AUD/USD for now

AUD daily: Click here

Source:
Thomson Reuters IFR Markets

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