Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 06 - 08:55 AM

AUD/USD - Key Fibo Holds Again After RBA Cut Hints

By Christopher Romano  —  Oct 06 - 07:20 AM
  • AUD/USD rallies overnight, briefly pierces 50% Fib of 0.7413-0.7006

  • RBA keeps rate unch but says considering additional easing nL4N2GS0US

  • AUD loses yield advantage vs US$ as 3-yr AU-US spreads trade to -0.02%

  • AUD/USD falls back below 21- & 55-DMAs & turns negative for the day

  • Daily bear engulfing candle, falling RSIs give techs a bearish tint

  • 0.7100/30 is support; Sep 30 & Oct 2 lows, 10-DMA, cloud base sit there

  • Break of that zone suggests 0.7000/10 support is likely to be tested

  • For more click on FXBUZ





aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!