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AUD/USD tests channel top, still some upside risks

Thursday, February 26, 2015 1:44 PM UTC

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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AUD/USD tests channel top, still some upside risks

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