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Apr 24 - 09:55 PM

AUD/USD - May Get Dealt Crushing Blow If 0.7204 Floor Cracks

By Ewen Chew  —  Apr 24 - 09:15 PM
  • AUD/USD might careen lower if key support breached

  • Base of daily Ichimoku Cloud at 0.7204 being tested

  • Following 200 DMA break, another bearish cue forming

  • Mon close below will accentuate negative chart outlook

  • Near-term target for sellers will be 0.7000 psych barrier

  • Risk-off persists after Wall St slump; Australia closed Mon

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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