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Thomson Reuters
May 11 - 03:48 AM
AUD/USD - Holds Gains, Eyes More Topside Progress
First appeared on eFXplus on May 11 - 01:25 AM
  • AUD/USD a low key affair in Asia only manages 0.7522/42 range
  • Holds above 10 DMA at 0.7508, base may well be in place for now
  • Move above May 4 high at 0.7560 and 38.2 Fibo at 0.7566 further confirmation
  • Break of 0.7566 targets 50% retracement at 0.7613, 0.7640/50 resistance
  • Below 10 DMA, further support seen at 0.7495/00 lows last week
  • Aussie supported on crosses, AUD/JPY up with risk-on sentiment post US CPI

AUD Daily: Click here

Source:
Thomson Reuters IFR Markets

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