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Thomson Reuters
Sep 13 - 08:36 PM
AUD/USD - Recovery To Continue On Improving Risk Appetite
First appeared on eFXplus on Sep 13 - 06:20 PM
  • AUD/USD modest rise to continue on trade talks optimism, better EM sentiment
  • Strong AU jobs data Thu underscores robust local economy, spurs AUD recovery
  • Recovery in global stocks & beaten down EM/AXJ currencies lifts mood
  • 2% rally from Wed low falters near initial resistance at 0.7233-40
  • Level marks high in Sep and a double Fibo retracement; 0.7160-70 supports
  • The Australian dollar's pain is very much the economy's gain nL3N1VS697

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Source:
Thomson Reuters IFR Markets

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