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Credit Suisse remain bullish AUD/USD - nominate a break above 0.7138 as the level to watch

Credit Suisse remain bullish AUD/USD - nominate a break above 0.7138 as the level to watch

Summary of CS technicals on the Australian dollar.

  • Medium-term moving averages are close to seeing a bullish cross higher
  • short-term MACD momentum is very strong
  • market is also threatening to break key resistance at 0.7138. A close above here would open up a move to our core objective at 0.7284/7306 next
  • Near-term support 0.7061, below which would suggest a retest of the breakout point at 0.6904/6854
  • However, only a stable close below the 200DMA at... Read More
Posted: Jan 26 2023, 22:22
Author Name: forexlive
Views: 102142

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