AUD/USD - After Fridays bullish key day reversal the pair looks like it can squeeze modestly higher, although I would be looking at new shorts around 0.9200

Chris Weston

AUD/USD - After Fridays bullish key day reversal the pair looks like it can squeeze modestly higher, although I would be looking at new shorts around 0.9200. There is a slight change in momentum and a move above 0.9168 (the December 2 high) would be positive for the bulls, thus printing a higher high. It could be a fairly busy day for the AUD, with NAB business confidence due at 11:30, while in China we get retail sales (expected at +13.2%), fixed asset investment (+20%) and industrial production (+10.1%).


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