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Thomson Reuters
Apr 03 - 08:36 PM
AUD/USD - Gains Consolidate, Bulls Ready To Pounce
First appeared on eFXplus on Apr 03 - 01:45 PM
  • Trade talk & econ data optimism carry over to NY, AUD/USD buoyed
  • Equity, commodity & global bond yield gains help pair consolidate gains
  • Rally extends & tests near RBA day high but slips below 55-DMA late
  • Techs lean bullish, RSIs biased up & 0.7040/60 support holds many tests
  • Net-short aussie positions have grown nL1N21G1P7, they might be squeezed
  • AUD/USD bulls should be rewarded if upbeat risk intensifies nL1N21L0U3

chart: Click here

Source:
Thomson Reuters IFR Markets

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