By Peter Stoneham — Jun 01 - 06:25 AM
Aussie resumes its climb vs the dollar after mild Tues adjustment
Big bull targets still in the game above Tues 0.7203 trend high
100-DMA at 0.7230, Bolli at 0.7242, 200DMA 0.7256 and May 5 0.7267 hi
A 50% Fibo off 0.7661-0.6829 Apr-May drop also in the mix at 0.7245
Support has formed around 0.7150 with more at the 10-DMA at 0.7122
Australia's economy held up well in Q1, more growth ahead nL1N2XO02S
The data clears the path for a further rise in Aussie int rates
For more click on FXBUZ
AUD/USD daily candle chart: Click here
Source:
Refinitiv IFR Research/Market Commentary