* RES 4: 155.89 High Feb 3 * RES 3: 155.53 2.00% retracement of the Jan 10 - Apr 22 bear leg * RES 2...
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The AUDUSD uptrend remains intact and the pair is trading closer to its recent highs. Support to watch lies at the 50-day EMA, at 0.6560. A clear break of this average would signal scope for a deeper retracement and expose 0.6527 once again, a Fibonacci retracement. For bulls, a stronger reversal higher would refocus attention on 0.6707, the Sep 17 high. Initial resistance to watch is 0.6629, the Sep 30 and Oct 1 high.
Gilt Calls, 90.74/90.80.