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AUD/USD clears 55-DMA & daily highs near 0.7825/40

AUD/USD bulls encouraged by resistance break, 0.7935 & 0.8010 are interim resistance zones Persistent USD slip sees market ignore tighter AU-US yield spreads RSIs biased up with room to run, rally may have legs, May high…

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  • AUD/USD bulls encouraged by resistance break, 0.7935 & 0.8010 are interim resistance zones

  • Persistent USD slip sees market ignore tighter AU-US yield spreads

  • RSIs biased up with room to run, rally may have legs, May high now eyed

  • Pair clears 55-DMA & daily highs near 0.7825/40, cloud base pierced

  • Only a small pullback seen, encouraging for bulls

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Major Pair Currency Score: AUDUSD Bearish

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