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AUD/USD tests channel top, still some upside risks

Source: Thomson Reuters Market defies soft Oz capex & tight yield spreads, pair tests channel top Pulls back to near flat on day but topside risks still extant If offers persist ~0.7930, bigger resistance at 0.8000/30 (5…

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AUD/USD tests channel top, still some upside risks
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Source: Thomson Reuters


  • Market defies soft Oz capex & tight yield spreads, pair tests channel top

  • Pulls back to near flat on day but topside risks still extant

  • If offers persist ~0.7930, bigger resistance at 0.8000/30 (55DMA, 1/28 high)

  • Below 0.7720/40 needed to ease short-term bull pressure

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