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Oct 15 - 01:55 PM

AUD/USD - Bears Look To Reload On Shorts

By Christopher Romano  —  Oct 15 - 11:55 AM
  • RBA, China data, soured risk drive AUD/USD to a 13-day low nL1N2H60CA

  • Pair falls below the daily cloud base, pierces 76.4% Fibo of 0.7006-0.7243

  • Small bounce ensues but daily, monthly RSI imply downside momentum remains

  • Recent shorts likely booked profit but no likely look to sell rallies

  • Rally sellers likely sit near 0.7095, 0.7125 and 0.7140/50

  • Sep monthly low, 23.6% Fib 0.5510-0.7413, July monthly low are targets

  • For more click on FXBUZ





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Source:
Refinitiv IFR Research/Market Commentary

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