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Thomson Reuters
Apr 15 - 07:24 AM
AUD/USD - Offers Expected By 200DMA If Asia High Vaulted
First appeared on eFXplus on Apr 15 - 05:55 AM
  • Offers may emerge near 0.7192 if AUD/USD vaults 0.7179 (Asian session high)
  • 0.7192 is the 200-day moving average, and Friday's six-week high
  • Friday's rise to 0.7192 was fuelled by strong China trade and lending data
  • AUD is also benefitting from hope that a China-U.S trade deal will be agreed
  • See: nL1N21V0CY nL1N21V0BZ. 0.7164 and 0.7150 are AUD/USD support levels
  • 0.7164 = Asia low nL1N21X02T. Minutes from Apr 2 RBA meeting due Tuesday

AUDUSD: Click here

Source:
Thomson Reuters IFR Markets

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