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Derived real-time data in partnership with:
Thomson Reuters
Jun 07 - 02:36 AM
AUD/USD - Pivotal Level - Opportunities For Bulls & Bears
First appeared on eFXplus on Jun 07 - 12:40 AM
  • -0.3% in Asia, as AUD/JPY flow/profit taking weighed - conflicting signals
  • Dip validated major TL resistance @ 0.7672 from Feb/Mar/April highs
  • Momentum studies climb, 5, 10 & 20 DMAs head north - bullish setup
  • Mixed signals leave 0.7689, 38.2% 2018 fall as pivotal resistance
  • Bears sell here with a stop above 0.7700, bulls buy the break
  • Asian 0.7644/0.7672 range is initial support/resistance

aud jun 7 Click here

Source:
Thomson Reuters IFR Markets

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