Derived Data That Drive Results
By Martin Miller — Dec 10 - 03:40 AM
The AUD/USD daily chart shows this market remains very vulnerable
There is scope for an eventual big drop below the 2024 0.6349 low
Tenkan and kijun line are negative aligned, reinforcing the bearish market
Also note the fourteen-day momentum reading remains negative
We are short at 0.6540 and have lowered our stop to 0.6455 to lock in profit
AUD/USD Trader TGM2347. Previous update nL2N3N50DR
Daily Chart: Click here
Source:
London Stock Exchange Group | Thomson Reuters
