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10 DMA caps AUD/USD post retail sales sales spike

Source: Thomson Reuters AUD/USD post retail sales sales spike stops dead at 10-DMA, very little pullback though AU-US spread narrowing abates, aids to keep pair firm, but bears still on edge Daily RSI biased up with room…

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10 DMA caps AUD/USD post retail sales sales spike
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Source: Thomson Reuters


  • AUD/USD post retail sales sales spike stops dead at 10-DMA, very little pullback though

  • AU-US spread narrowing abates, aids to keep pair firm, but bears still on edge

  • Daily RSI biased up with room to run, won't impede further gains

  • Stops likely >0.7745/55, if run not much resistance until 0.7850 area

  • Market still short AUD, might cover if no new USD bull catalyst

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