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Feb 01 - 03:55 PM

AUD/USD - Magnetic Fibo, RBA Risk Help Keep Ranges Tight

By Christopher Romano  —  Feb 01 - 01:37 PM
  • AUD/USD consolidates overnight fall from 0.76625 during NY trading

  • Pair hovers above 0.7620 for most of NY as equities, AUD/JPY are buoyant

  • 23.6 Fib 0.6990-0.7819 & 38.2% Fib 1.1081-0.5510 act magnetically

  • Techs lean bearish though, monthly & daily RSIs imply bear momentum exists

  • RBA meeting risk looms, slightly upbeat rhetoric possible nL4N2K60B5

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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