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Derived real-time data in partnership with:
Thomson Reuters
Jan 07 - 12:12 AM
AUD/USD - Testing Resistance Around 0.7135
First appeared on eFXplus on Jan 06 - 09:55 PM
  • AUD/USD grinding higher in quiet Asia, as USD broadly offered in Asia
  • Pair is testing the 61.8 of the 0.7394/0.6715 move at 0.7134
  • A break above 0.7135 targets the 55-day MA @ 0.7174 and 100-day MA @ 0.7182
  • Support found at 21-day MA at 0.7103 and hourly support around 0.7055
  • Sentiment is mildly bullish after bullish outside week from multi-year low
  • Pair unlikely to move too far ahead of news from China/US trade talks
  • AUD would likely move higher along with risk assets if talks progress

aud/usd Click here

Source:
Thomson Reuters IFR Markets

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