Last Thursday the hitherto noted rebound in the AUD/USD came unstuck, when it busted below its 50 day moving average (then at 0.6390). That delivered a drop to 0.6339 on Friday, but it did rebound into the weekly close, as the wider dollar gave back gains. The AUD/USD closed at 0.6361. Earlier today it traded as low as 0.6350, but the rebound since has so far stalled short of reclaiming that 50 day moving average (now at 0.6387). The high seen so far has been set at 0.6377. The 21 day moving average is close by now too, currently at 0.6372. The modest rebound so far this morning is garnering some traction from a rise in the AUD/JPY though, but right now that is more about the USD/JPY, than it is about the AUD/USD, which is currently trading at 0.6372
DAX has a look above 16,500 and takes one step closer to a new record
Following on from a series of updates this week and last, the DAX has taken one step close to a new record high this afternoon. The DAX has lifted...
Dow Jones and Nasdaq flips positions as yields fall and tech rebounds
Ever since the opening for the US stock markets today we have seen a reversal in the divergence between the Nasdaq 100 and the Dow Jones, That is to...
GBP/USD takes out double bottom at 1.2604 but rebounds on JOLTS data
Not long before the US economic releases this afternoon, the GBP/USD made a brief move below the noted 1.2604 double bottom on the daily charts. The...