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Derived real-time data in partnership with:
Thomson Reuters
May 16 - 02:36 PM
AUD/USD - Battle Rages
First appeared on eFXplus on May 16 - 10:35 AM
  • Pair trades heavy after Q/Q Australian wages prices see downside miss
  • Dip below 0.7450 cannot be sustained, broad US$ sales outweigh data impact
  • Sharp rise in AU govt yields and pause in UST yield rally help lift pair
  • 10-Day SMA pierced and daily RSI turns up again, bulls gain some control
  • Break of 0.7570/90 and 0.7610/20 zones needed to give bulls greater control
  • Move above the latter opens the door to 0.7720/30 zone

chart: Click here

Source:
Thomson Reuters IFR Markets

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