Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 16 - 01:55 AM

AUD/USD - May Stay Under Pressure Despite 50 DMA Bounce

By Ewen Chew  —  Feb 16 - 12:50 AM
  • AUD/USD may stay pressured if it ends Thurs below 0.6925

  • That places it under 23.6% Fibo, in Bollinger downtrend channel

  • Bearish move may resume, keeping 50 DMA line vulnerable

  • If that downside barrier at 0.6887 is breached, bears will add

  • Ichimoku cloud at 0.6822 will then become next target

  • AU jobs disappointed Thurs, but Asia stocks rally props up AUD

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!