Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
Jan 25 - 12:12 AM
AUD/USD - Bounces As Asian Stocks Rally
First appeared on eFXplus on Jan 24 - 10:25 PM
  • AUD/USD up 0.2% in Asia as stocks across the region move higher
  • Initial move down to 0.7076 tested a cluster of late Dec daily highs
  • The bounce high so far has been 0.7106 as MSCI AXJ rises 1.0%
  • Resistance at former 0.7115/25 support and 21 DMA at 0.7126
  • Momentum studies conflict, but s/t MAs head lower in bearish signal
  • But reaction to NAB raising mortgage rates was overdone, consolation likely

AUD Daily: Click here

Source:
Thomson Reuters IFR Markets

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!