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Derived real-time data in partnership with:
Thomson Reuters
May 06 - 09:48 PM
AUD/USD - Firmer Markets, AUD Bears Need Progress Soon
First appeared on eFXplus on May 06 - 08:00 PM
  • Trades -0.1%, as Tokyo return from Golden Week - low key markets so far
  • Firmer markets - E-mini S&P +0.3%, NKc1 Nikkei futures +0.2%, WTI +0.1%
  • Downtrend stalled last week, but 5, 10 & 20 DMAs still trend south
  • Close above under pressure 0.7541 10 DMA would suggest further consolidation
  • Bears need a close below 0.7481, 50% 2016/18 rise, soon to sustain trend
  • NY 0.7492 low & earlier 0.7542 high initial support/resistance

aud may 7 Click here

Source:
Thomson Reuters IFR Markets

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