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Thomson Reuters
Jan 04 - 02:36 AM
AUD/USD - To Attract Shorts On Failure To End Above 0.7020
First appeared on eFXplus on Jan 04 - 12:15 AM
  • AUD/USD probes higher, teasing breakout from downtrend channel
  • Closing above 0.7020 nixes bearish chart signal, shorts may cover
  • Relief rally could then proceed toward 20 DMA line near 0.7100
  • But Fri close below 0.7000 will dash hopes for near-term recovery
  • Bears will jump back in, targeting Thurs flash crash low 0.6715
  • US Dec nonfarm payrolls due later may surprise on strong side

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