AUD/USD still rising

Friday, 05/05/2017 | 11:59 GMT

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USD/CAD continues to see its gains extended, with 11 successive positive sessions having now been posted. Although there could be some brief consolidation, the next target would be the 61.8% retracement of the sel off from Q1 2016 at 1.3844.

EUR/AUD gains have been accelerating over the last few weeks, with 1.4960 – the 50% retracement of the sell-off that started in August 2015 – the next line of resistance to watch for.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice

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Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/audusd-still-rising/?camp=24219

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