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Feb 03 - 08:55 AM

AUD/USD - Chart Shows Momentum On Course To Turn Negative

By Martin Miller  —  Feb 03 - 06:45 AM

• AUD/USD recently faltered ahead of the thickening daily cloud resistance

• Cloud currently spans the 0.6322-0.6461 region, led to new 2025 lows

• There is scope for bigger losses to the 0.6000 psychological level

• 14-day momentum is on course to turn negative at the end of trading on Mon

• AUD/USD Trader

Daily Chart:


(Martin Miller is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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