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Thomson Reuters
Dec 06 - 07:24 AM
AUD/USD - Risk-Off Mood Could Trigger An AUD/USD Plunge
First appeared on eFXplus on Dec 06 - 05:50 AM
  • Stocks and base metals down hard weighing AUD/USD -1% today
  • Pair poised next to key tech support levels, 55-DMA, daily cloud
  • Late Nov rally has wrong footed traders. Pair down 2.7% last 2 days
  • 55-DMA 0.7190. Daily Ichimoku cloud 0.7131-96
  • Oct-Nov rally 0.7021-0.7393 61.8% retrace is 0.7164, 76.4% 0.7109
  • 55-DMA served as resistance most 2018. 400 pips after 2017's break below

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Source:
Thomson Reuters IFR Markets

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