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Nov 06 - 07:55 AM

AUD/USD - Intraday Rebound Could Prove To Be Significant

By Peter Stoneham  —  Nov 06 - 05:35 AM
  • AUD staging a strong recovery following a slump to 0.6513 Wed

  • However, the recovery from the previous 0.6537 low has been damaged

  • A close back above the 10DMA, 0.9592 would help

  • Close above the 200DMA, 0.6629, would put the recovery back on track

  • Long lower candle shadow today would cast doubts over further AUD weakness

  • We lean slightly bullish but will look for further signals

  • AUD/USD Trader TGM2347

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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