#AUDUSD Flow and Sentiment

Posted: 2017-02-22 10:52:02 | Author: Predator Research Predator Research

AUDUSD support at 0.7650 held as overnight demand for AU bonds was apparent.

Australia sells A$11 BLN of bonds in largest sale on record, which saw AUDUSD spike up through 0.7700.

Technical resistance at 0.7730 and ahead of 0.7800 area capping for now.

Wage price index data overnight in line with expectations at 0.5% QQ – but remains subdued. 

Barrier at 0.7600 still intact and dealers expect it to be well defended.

#OIL continues to suffer from profit taking ahead of inventory data later today.


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