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Thomson Reuters
Apr 11 - 02:36 AM
AUD/USD - Eases Below 0.7160 As AXJ Equities Slip
First appeared on eFXplus on Apr 10 - 11:20 PM
  • AUD/USD slipping below 0.7160, as AXJ equity index down around 0.40%
  • Key resistance at 200-day MA (0.7195)- as it hasn't closed above for 13 mths
  • Fresh news needed to test that level, as impact of Debelle speech fades
  • Range trading likely to continue with Wednesday's key events out of the way
  • Support at the 100-day MA at 0.7139 and break would ease upward pressure

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