DAILY SPOT AUDUSD - Thursday's call and technicals
Wednesday’s signals pointed to staying long and buying the dip. These were confirmed as initial losses attracted buyers near the 13 & 50 day average rates and for sentiment to rally by ¾ Big Fig from the day’s .7103 base. However, rallies continue to attract sellers too, and although these have so far been modest in Asia this morning, there is a negative bias to signals and the call for Thursday is to sell on the open and then at .7176, yesterday’s high with a stop loss at .7207, the 7 week top. Targets are to .7141/46, the 100 day average rate & Wednesday’s Marabuzo line, .7123, Wednesday’s open and .7087, this week’s base.
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