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