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Nov 17 - 09:55 PM

AUD/USD - S-Remains Heavy After Small Bounce From Early Slide

By John Noonan  —  Nov 17 - 08:40 PM
  • AUD/USD fell to 0.7272 earlier when small stope below 0.7280 were triggered

  • Move lower coincided with E-mini futures falling around 0.20%

  • AUD/USD managed a small bounce from the low, but remains heavy around 0.7280

  • The move lower broke the 10-day MA, which warns upward momentum is fading

  • AUD/USD longs disappointed resistance at 0.7340/45 held yesterday

  • Support is found at Wednesday's 0.7266 low and last week's low at 0.7221

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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