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Jun 18 - 01:55 AM

AUD/USD - 200 DMA And 2021 Low Hold - Close Key For Next Week

By Andrew M Spencer  —  Jun 17 - 11:53 PM

  • +0.1% in a tight 0.7549-0.7561 range with consistent flow in Asia

  • Stable to firmer markets, E-mini S&P +0.2%, Nikkei +0.15%, AsiaxJP flat

  • Charts; momentum studies, 5, 10 & 21 DMAs track south - bearish setup

  • 21 day Bolli's expand, trending signal, 0.7585 lower band, so oversold here

  • 0.7553 200 daily moving average under pressure, traded above since June 2020

  • 0.7532 is the 2021 base - close below 0.7530 would be a major negative

  • Strong close would leave a major potential 0.7530/50 range base

  • NY 0.7540-0.7590 range is initial support and resistance

For more click on FXBUZ


aud 2 jun 18 Click here

Source:
Refinitiv IFR Research/Market Commentary

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