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Sep 25 - 03:48 PM
AUD/USD - Shorts Gain Traction As Key Fibo Breaks
First appeared on eFXplus on Sep 25 - 01:30 PM
  • Brexit, US-Sino trade concerns drives risk aversion overnight

  • US$ & US rate complex rally in NY, AUD/USD slides nL2N26G0IG

  • 61.8% Fib of 0.6678-0.6895 breaks, slide extends below 0.6740

  • Equity rally & Trump talk on China trade nN9N26E006 prevent deeper fall

  • Techs lean bearish, daily RSI sinks, long upper wick on September candle

  • Shorts gain some traction but do not have complete control nL2N26G0Y7







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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