AUD/USD refreshes session tops, retakes 0.6800 handle
This coupled with deteriorating global risk sentiment, as depicted by a sea of red across equity markets, might further contribute towards capping any strong gains for perceived riskier currencies – like the Australian dollar.
Hence, it will be prudent to wait for some strong follow-through buying, possibly beyond a 100-day SMA barrier near the 0.6835 region, before positioning for any further near-term appreciating move for the major.
There isn't any major market-moving economic data due for release on Thursday and hence, the incoming trade-related headlines might continue to play a key role in producing some short-term trading opportunities.
Ricktran111
