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AUDUSD has added 10 pips to trade at.........>

AUSSIE
AUSSIE: AUDUSD has added 10 pips to trade at ~0.7760, sticking to a tight range
following a relatively sedate Wednesday. Looking forwards, the RBA will release
its Financial Stabilty Review tomorrow, but most participants are looking
through this and focusing on the minutes of the RBA's most recent meeting, due
next Tuesday.
- Bulls take comfort as the pair gains traction above the 21-DMA (0.7709) with
focus on 0.7781-0.7842 where key WMA, DMAs and the falling daily trend line off
2018 highs are found. Bulls now need a close above 0.7842 to end bearish hopes.
On the other hand bears need a close below the 21-DMA to ease bullish pressure
and below the Dec 14 low (0.7630) to confirm a break of the 100-WMA (0.7635).
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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