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Thomson Reuters
May 09 - 02:36 AM
AUD/USD - Dip Extends As Downtrend Regains Momentum
First appeared on eFXplus on May 09 - 12:45 AM
  • -0.2% in Asia, extending yesterday's 0.8% fall, as JPY led USD higher
  • AUD under pressure in part as a liquid proxy for oil susceptible EM Asia
  • Momentum studies, 5, 10 & 20 daily & weekly MAs trend south - bearish setup
  • Initial significant support comes in at 0.7374, June 2017 range base
  • Asian 0.7424/0.7453 range is initial support/resistance
  • Busy morning - then quiet Click here

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aud may 9 Click here

Source:
Thomson Reuters IFR Markets

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