By Christopher Romano — Feb 26 - 01:42 PM
Soured risk puts a bid into safe-haves in Europe am, AUD/USD falls
61.8% Fib of 0.7564-0.8007 pierced, 0.7731 hit, NY opens near 0.7760
Bounce extends, 0.7800 neared, sellers emerge as eurodollar rates rise
Copper, gold drops & mixed equities help send AUD/USD to a 14-day low
Slide stalls short of 55-DMA, meager bounce ensues, pair near 0.7720 late
Daily techs are bearish, long upper wick on Feb candle bolsters bearishness
55-DMA, daily cloud top, 76.4% Fib 0.7564-0.8007 are threatened
Break of those supports likely leads to test of February's monthly low
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Source:
Refinitiv IFR Research/Market Commentary