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Derived real-time data in partnership with:
Thomson Reuters
Feb 13 - 12:12 AM
AUD/NZD - Downtrend Stalled - Pivotal 200 DMA Caps
First appeared on eFXplus on Feb 12 - 10:40 PM
  • Fraction firmer in a slow Asia, after closing +0.6% AUD led higher with risk
  • AUD bounce on improved NAB business data, conditions +19 fm +13 nS9N1KC02E
  • Neutral momentum studies, 10 & 20 DMAs track south - net bearish setup
  • Targets a test of 1.0722 longer term support, 61.8% of 2017 rise
  • Close above 1.0851 200 DMA would undermine downside bias
  • Earlier 1.0819 low & 1.0851 200 DMA initial support/resistance

aun feb 13: Click here

Source:
Thomson Reuters IFR Markets
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