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10 DMA caps AUD/USD post retail sales sales spike

Thursday, March 12, 2015 3:10 PM UTC

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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10 DMA caps AUD/USD post retail sales sales spike

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