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AUD/USD managed to take advantage of the.....>

AUSSIE
AUSSIE: AUD/USD managed to take advantage of the broader weaker USD theme on
Thursday, and has posted a high of $0.7293, last $0.7286 on the move higher,
although AUD/NZD sales limited the cross.
- Bulls initially eye the 50-DMA ($0.7305) followed by the $0.7310/15 area which
holds a 76.4% retracement level & long-term downtrend resistance off of the YTD
high. Failure to hold above $0.7250 and a subsequent reversal through $0.7200
would bring the YTD low ($0.7085) back into play.
- The AU docket is somewhat limited over the next week or so, so the AUD will
likely take cues from the broader risk tone.
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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