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Feb 27 - 01:55 AM

AUD/USD - Tumbles Through 100 DMA, Cementing New Bearish Bias

By Ewen Chew  —  Feb 27 - 12:10 AM
  • AUD/USD falls below 100 DMA, last 0.6712 on odds of more Fed hikes

  • Simultaneous break of Ichimoku cloud base increases bearishness

  • Mon close below 100 DMA 0.6730 will cement downside potential

  • Further drop to 50% retracement line at 0.6664 to follow

  • Asia sentiment poor after US CPI, though S&P futures bounce 0.1%

  • Waning investor appeal for Chinese asset also dents AUD nL1N3521PB

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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