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Apr 14 - 07:55 AM

AUD/USD - Rally Thwarted By Major Resistance And Option Barriers

By Richard Pace  —  Apr 14 - 05:42 AM
  • AUD/USD boosted by USD sell off and strong consumer confidence data

  • From a test sub 0.7600 early Tues, it's rallied 0.7635-0.7695 Wed

  • However, major resistance ahead - 0.7700 option barriers likely

  • 55-dma 0.7709, and 38.2% Fibo retrace of 0.8007-0.7533 drop at 0.7713

  • Bulls need break/close above 0.7709-13 to target 50% Fibo 0.7769



For more click on FXBUZ


AUD=D3 Click here

Source:
Refinitiv IFR Research/Market Commentary

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