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

Pepperstone

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%).


2 topics

Chris Weston
Chris Weston
Head of Research
Pepperstone

Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.