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May 25 - 03:55 AM

AUD/USD - Slipping Below Fibo Exposes Abyss Of Losses Ahead

By Ewen Chew  —  May 25 - 02:15 AM
  • AUD/USD extends slide to 0.6523, lowest since Nov 2022

  • Drop through Fibo support 0.6547 is a deeply negative cue

  • Portends sharper losses ahead; no technical base in sight

  • Breach of 0.6500 psych barrier will trigger more selling

  • USD on the rise again as risk aversion hits Asia

  • Fitch places US on negative rating watch nL4N37L4W3

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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