DAILY SPOT AUDUSD - Thursday's call and technicals
Although weekly signals have continued to point lower, the end to a sequence of lower daily highs switched Wednesday’s signals to bullish and to buying the dip at .7106. Although initial gains of almost ½ Big Fig attracted sellers from ahead of the 50 day average rate for sentiment to close little changed, signals continue to point higher and the outlook for Thursday remains cautiously bullish and the call is to buy on the open and then at .7090, today’s opening trade in Asia with a stop loss at .7067, just below today’s Asia base. Targets are to .7137, yesterday’s high, .7156, the 13 day average rate and .7233, the 6th Feb open.
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