Technical Analysis

With stocks trading near highs, risk on pushes the AUDUSD to a retest of the  weeks highs The AUDUSD is up at testing the highs from yesterday at 0.6943 (high for the week as well). After the employment report the price retested that level only to fall back down before restarting the run to the upside.  A move above that
Australian dollar technical analysis Credit Suisse discusses AUD/USD technical outlook and highlights the importance of the 0.6706 level for near-term direction.  “AUDUSD saw another concerted effort to break above the pivotal resistance zone composed of the 200-day average, the March high and 78.6% retracement at 6706. Although further consolidation should still be allowed for, in