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Feb 26 - 03:55 PM

AUD/USD - Fibo Breaks, Key Supports Threatened Ahead Of The Weekend

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

  • For more click on FXBUZ

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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