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Sep 09 - 02:36 AM
AUD/USD - Bullish Outside Week Adds To The Positive Signals
First appeared on eFXplus on Sep 09 - 12:40 AM
  • A touch firmer in a data free session with modest flows in AUD and AUD/NZD
  • Positive local stocks and E-mini S&P +0.2% provided underlying support
  • Friday's 0.5% AUD jump left a bullish outside week - strong positive signal
  • Daily charts show momentum studies, 5, 10 & 21 DMAs climbing - buoyant setup
  • Next significant resistance comes in at 0.6880, 50% July/August fall
  • Close below 0.6822 prior August range top would undermine the bullish bias

aud sep 9 Click here

aud2 sep 9 Click here

Source:
Refinitiv IFR Research/Market Commentary

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