Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
Jul 12 - 03:48 AM
AUD/USD - Drifts Higher, But Downside Not Done Yet
First appeared on eFXplus on Jul 12 - 01:50 AM
  • AUD/USD continues to edge higher in early Europe, high 0.7388 so far
  • Approaching resistance at the converging 10 & 21 DMAs at 0.7400
  • Break above 74 cents could see a run to s/t 61.8 Fibo at 0.7437
  • S/t MAs conflicted, momentum studies negative - no strong tech signal
  • Better risk tone in Asia down to lower USD/CNY fix, bounce in AXJ ccys
  • But background trade tensions show no sign of easing nL4N1U71IM

AUD daily: Click here

Source:
Thomson Reuters IFR Markets

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About Us
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!