Bullish signals for the AUDUSD in each of the last 2 days have been confirmed, investors buying the market for a gain of over 1 ¼ Big Figs since Wednesday’s .9263 low.
However, the rally has been sold in yesterday’s New York session for sentiment to close little changed on the day at the 50 & 100 day average rates. The pullback has left a modestly bearish bias, but signals are not strong and the outlook for Friday is just cautiously negative below a stop loss at .9370. Targets are to .9313, a 62% pullback to the gains posted since Wednesday’s low, .9290 and .9263, this week’s base.