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%).


About this contributor

Chris Weston

Chris Weston

Chief Market Strategist, IG Markets

Chris joined IG as a sales trader in 2006, having worked previously at Morgan Stanley, Credit Suisse and Merrill Lynch, gaining exposure to both equity and fixed income trading. After accruing 15 years' experience in financial markets, Chris...

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China aud

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