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Oct 31 - 06:12 AM
AUD/USD - Has Scope To Rise, But It's Time To Consider Selling
First appeared on eFXplus on Oct 31 - 03:50 AM
  • AUD/USD traders are short and more will cover bets before the year ends

  • Unwinding should lift AUD/USD to levels where it is prudent to sell

  • AUD/USD 200-DMA 0.6957 and 76.4% of the drop since July is 0.6985

  • Option barriers and protection likely @ 0.6950 and 50 tick intervals above

  • 0.6950 last traded in July so a strong defence of any barriers is likely

  • 55-WMA 0.7016. Weekly cloud 0.7069-0.7196. Low prob of sustained break over

  • Related comment: A good time to consider buying AUD/USD nL2N26U05K


















AUDUSD daily Click here

AUDUSD weekly Click here

AUDUSD betting Click here

Source:
Refinitiv IFR Research/Market Commentary

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