Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
Dec 28 - 12:12 AM
AUD/USD - Rallies On Broad USD Weakness, Better Risk Climate
First appeared on eFXplus on Dec 27 - 10:10 PM
  • AUD/USD trades a range of 0.7026/55 in Asia, last at 0.7050
  • Late bounce in US stocks plus E-minis flat in Asia improves risk appetite
  • AUD/USD not out of the woods as s/t MA's still weigh, momentum studies mixed
  • Close above 10 DMA at 0.7083 would relieve downside pressure
  • Close below 70 cents opens up further downside, targets 2016 low at 0.6827
  • Next AUD move to be dictated by global stocks and risk appetite

AUD daily: Click here

Source:
Thomson Reuters IFR Markets

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!