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Thomson Reuters
Apr 08 - 03:48 PM
AUD/USD - Bears On The Verge Of Getting Squeezed Harder
First appeared on eFXplus on Apr 08 - 01:25 PM
  • Steady lift in NY trade despite yen gains and lift in USD/CNH
  • New highs in oil & iron-ore help buoy AUD/USD
  • General US$ weakness also helps pair lift above the 55-DMA again
  • Some sense in market that global econ could be stabilizing nL1N21Q0MB
  • Techs lean bullish, RSIs rise & consolidation of recent gains persist
  • Aussie short positions not fruitful, bears might be close to exiting

chart: Click here

Source:
Thomson Reuters IFR Markets

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