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AUD/USD bears on edge as key 0.7850 resistance nears

Source: Thomson Reuters


  • AUD/USD continues to recover from the Stevens-inspired slide from earlier this week

  • Bears frustrated as key 0.7850 resistance nears, break opens up March high

  • Bears need 0.7724/34 tech support break; 10&55 DMAs, TrendLine & cloud base sit there

  • Need key 0.7675/80 break for full control, if done 2015 low in play

  • Upward biased RSIs, wider spreads, iron-ore & copper lifts aid pair's lift

  • RBA in focus next week, markets see ~50% chance of cut 

  • Market Data
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