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Nov 05 - 03:48 PM
AUD/USD - Longs On The Verge Of Giving Up
First appeared on eFXplus on Nov 05 - 01:20 PM
  • RBA induced rally to t-l off Dec high nL2N27L0JB erodes in NY

  • US rate complex gains on US-Sino trade optimism, upbeat Oct non-mfg ISM

  • Slide in eurodollar & fff prices lower probability for Fed cuts FEDWATCH

  • AUD/USD dips below 0.6885, small bounce has it near 0.6895 late in the day

  • Long upper wick on daily candle, t-l resistance are concerns for longs

  • AUD/USD longs face risk that a sharp fall might take hold nL2N27L0V8







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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