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Thomson Reuters
Apr 24 - 09:48 PM
AUD/USD - Cave-In Coming, And Bottom May Be A Long Way Off
First appeared on eFXplus on Apr 24 - 08:25 PM
  • AUD/USD close to caving in as stoploss orders below 0.7000 attract
  • Break of that psych barrier may lead to cascade much lower
  • Nearest pitstop could be Jan 2016 low of 0.6828
  • Key level breached on Wed after poor Australia CPI nL1N226034
  • Entered Bollinger downtrend channel, broke Ichimoku Cloud base
  • Now Chikou span below Cloud indicates momentum is stronger

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