AXY ( AUSTRAILIAN CURRENCY INDEX ) ON A BULL RUN
Australian currency index broke the bearish trend line that was preventing it from hiking. The current run is targeting 0.7 but its less likely 0.7 will be the end of the road. 0.8 will.be the main target once 0.7 is defeated but expecting trading traffic near 0.7 area. 0.75 could create stiff resistance once 0.7 is gone.
Key rates to watch for consist of 0.725 and 0.75
Key rates to watch for consist of 0.725 and 0.75
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