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Thomson Reuters
Jun 29 - 12:12 AM
AUD/USD - Jumps As Risk Bounces Hard On Tusk Comment
First appeared on eFXplus on Jun 28 - 10:55 PM
  • AUD/USD jumps to 0.7378 as EU's Tusk says agreement reached nL8N1TV07T
  • 10 DMA at 0.7386 next topside resistance, Fri close above mildly positive
  • S/t MAs, momentum studies all suggest downtrend still in full force though
  • On the downside, close below 0.7327, l/t 61.8 Fibo opens next move lower
  • Close above 10 DMA would indicate some sideways action before next leg down
  • USD/AXJ coming off hard after Tusk comment as risk rebounds nicely in Asia

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