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Thomson Reuters
Nov 08 - 03:48 AM
AUD/USD - Builds On Gains Post China Trade Data
First appeared on eFXplus on Nov 08 - 01:30 AM
  • AUD/USD drifting higher after upbeat Chinese trade data
  • Pair has hit a high of 0.7294, just ahead of o/n high at 0.7300
  • Next resistance above there Sept 26 high at 0.7315
  • Support seen at 100 DMA at 0.7266, close above Weds a positive signal
  • Rising momentum studies and s/t MAs also suggest further upside
  • Risk generally well bid as Asian equities and JPY crosses rise

AUD daily: Click here

Source:
Thomson Reuters IFR Markets

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