Free Trial

AUDUSD closed back above the 100-dma.........>

AUSSIE: AUDUSD closed back above the 100-dma yesterday, but failed to build
gains through Asia. Rate briefly made a show above the $0.72 level, before
quickly paring gains to hold in a very narrow 20 pip range. Volumes remain
extremely light with the 100-dma at $0.7172 key around the close, support is
reported behind here at $0.7150 and through to $0.7115. Australian attention
next week will be drawn by the domestic labour mkt report due Thursday.
Elsewhere, any developments re: Sino-U.S. trade relations, as well as Chinese
GDP data will also attract interest.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.