European Open Briefing

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jun 1, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
    Likes Received:
    The Australian Dollar rallied after better than expected GDP data. AUD/USD rose from 0.7240 to a high of 0.73, while AUD/NZD jumped from 1.0660 to 1.0740. AUD/USD technicals have turned bullish, with the double bottom pattern at 0.7145 confirmed. Resistance is seen at 0.7330, while support now lies at 0.7220 and 0.7180.[​IMG]

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