Free Trial

AUDUSD Extends Intra-Day Gains To Over 1.3%

AUD
  • The beneficial price action for equities and waning greenback sees AUD among the best performers on the G10 leaderboard, extending gains to roughly 1.3% on the session.
  • The uptrend in AUDUSD remains intact, and moving average studies remain in a bull-mode set-up, highlighting this bullish theme. The bull trigger has been defined at 0.6691, the Dec 4 high. Clearance of this level would confirm a resumption of the uptrend.
  • Above here, markets will focus on 0.6747, the 76.4% retracement of the Jul 13 - Oct 26 bear leg.

To read the full story

Close

Why MNI

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.