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Sep 05 - 02:36 AM
AUD/USD - Cruises Higher With Risk, Key Resistance In View
First appeared on eFXplus on Sep 05 - 12:50 AM
  • 0.3% higher in a busy session with AUD/JPY up 0.4% - risk on in Asia
  • Risk led by the offshore bounce and US/China trade optimism
  • E-mini S&P +1%, 10yr UST yields +3bp to 1.509%, Nikkei +2.3%, AsiaxJP +1%
  • Daily charts have turned bullish, momentum studies, 5, 10 & 21 DMAs rise
  • 0.6822 five week range high tested again and remains under pressure
  • Close 0.6832, 38.2% of the July/August fall would be major positive

aud sep 5 Click here

Source:
Refinitiv IFR Research/Market Commentary

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