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Feb 07 - 10:55 PM

AUD/USD - Risk Positive Start To The Week - Close Key

By Andrew M Spencer  —  Feb 07 - 10:10 PM
  • -0.1% in the middle of a 0.7660-0.7681 range with only moderate interest

  • Positive markets, E-mini S&P +0.5%, Nikkei +2.15 and AsiaxJP +0.6%

  • Higher iron ore prices supot Australian stocks - ASX 200 +0.8% nL1N2KE01T

  • Charts; bullish outside day on Friday needs a close above 0.7678 to validate

  • 5, 10 & 21 DMAs coil, 21 day Bolli bands contract - neutral setup

  • Close above 0.7692 21 DMA would be a strong positive signal

  • Last week's 0.7564 low is the first major support.

    For more click on FXBUZ

au feb 8 Click here

Source:
Refinitiv IFR Research/Market Commentary

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