Short term gains for AUD/USD?

Tuesday, 16/05/2017 | 08:36 GMT

Disclaimer

AUD/USD is holding around the 23.6% retracement of the sell-off sinec late March. A break above this paves the way for recent highs around 0.7450 then the 38.2% retracement at 0.7500.

EUR/JPY may be pausing for breath but the sharp up-trend of the ast four weeks remains in tact overall. Look for 125.85, the 38.2% retracement of the sell-off through the first half of 2016 as the next target.

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

STO Review

Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/short-term-gains-for-audusd/?camp=24219

Disclaimer

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}