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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.
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