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Thomson Reuters
May 08 - 09:48 PM
AUD/USD - Shade Firmer, But The Bears Remain In Control
First appeared on eFXplus on May 08 - 07:50 PM
  • +0.1% after closing -0.3%, as risk and the NZD after the RBNZ cut weighed
  • US/China trade talks continue, but the outlook has deteriorated nL3N22K3U4
  • No local data or scheduled RBA speeches, so China inflation is event risk
  • Neutral momentum studies, negative 5, 10 & 21 daily, weekly monthly MAs
  • Bearish setup targets a test of 0.6936, 61.8% of the 2019 rise
  • Close above the falling 0.7074 21 DMA would undermine the bearish bias

aud may 9 Click here

Source:
Thomson Reuters IFR Markets

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