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Apr 16 - 01:55 AM

AUD/USD - Resistance Caps, As Profits Booked On This Week's Rise

By Andrew M Spencer  —  Apr 15 - 11:50 PM

  • -0.2% in a 0.7724 - 0.7759 range with only moderate interest in Asia

  • Firmer USD weighed, as risk soured and AUD profits booked into the weekend

  • Slipped after strong China data saw GDP just miss, but bounced nL1N2M905E

  • Techs; momentum studies 5 & 10 daily moving averages climb - positive setup

  • 0.7759 upper 21 day Bolli band caps - good indicator of an overbought market

  • 0.7769, 50% of the 2021 fall just above, so topside progress likely slow

  • 0.7673, 38.2% April rise and 0.7667 10 DMA are key support

    For more click on FXBUZ


aud 3 apr 16 Click here

Source:
Refinitiv IFR Research/Market Commentary

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