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AUSSIE
AUSSIE: AUD/USD has reclaimed the $0.7200 level on the back of the broader USD
weakness evident over the last couple of hours, last 5 pips higher on the day at
$0.7212, after bears struggled for traction below the 50-DMA of $0.7184,
registering a low of $0.7179 in early dealing. That area now provides the
initial support zone. Bulls now look to the 100-DMA at $0.7235 as the initial
point of resistance, closely followed by Friday's high of $0.7242.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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