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Jan 28 - 01:55 AM

AUD/USD - Fibo Support Vulnerable As Risk Aversion Grips Asia

By Krishna K  —  Jan 27 - 11:56 PM
  • AUD/USD weighs on 0.7623 support, 23.6% of Nov-Jan rally as APAC stocks wilt

  • Sudden sell-off on Wall Street, talk of distress sales by hedge funds weigh

  • New virus variants, uneven distribution of vaccine rollouts sour risk mood

  • Clear break of 0.7623 1st hint correction has lot further to runnL1N2K305T

  • Initial target 0.7547-55 followed by 0.7503, the 38.2% Fibo of Nov-Jan rise

  • Resistance 0.7655-60, 0.7700; sell rallies

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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