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Nov 17 - 01:55 AM

AUD/USD - Downside Risks Will Increase If Fibo Breaks

By Ewen Chew  —  Nov 17 - 12:33 AM
  • AUD/USD tentatively caves below Ichimoku Cloud base 0.7289

  • Follows Tues selloff after rejection by 100 DMA resistance

  • Tues close affirmed Bollinger downtrend channel effect

  • Wed close below Fibo support 0.7264 will increase bearish risk

  • Could trigger sharper drop past 0.7200 psych barrier

  • USD broadly stronger as Fed members lean hawkish nL1N2S7283

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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