AUD/USD to Pop Higher?

Friday, 21/04/2017 | 09:39 GMT

Disclaimer

The Aussie dollar has round support above the 38.2% retracement of the rally from earlier this year and if this holds, may now be eyeing another test of the 23.6% level at 0.7610

USD/JPY continues to retreat from its previously oversold position and a break above weekly highs at 109.50 would pave the way for further gains in the short term.

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-to-pop-higher/?camp=24219

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