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Nov 12 - 08:55 AM

AUD/USD - Fibo Probed Again, Key Support Threatened

By Christopher Romano  —  Nov 12 - 07:30 AM
  • Copper HGv1 & iron-ore DCIOc2 stagnant, equities ESv1 falling though

  • Some of recent AU gov't bond yield rally erodes, USD/CNH up on the session

  • AUD/JPY sinks near 76.30, AUD/USD down in early NY, just above overnight low

  • 23.6% Fibo of 0.6990-0.7340 gets pierced & almost no bounce seen

  • Bulls are leaning on the Nov. 6 daily low (0.7239), weak stops likely below

  • If stops run 0.7190/0.7210 eyed, daily RSI implies that zone may be tested

  • For more click on FXBUZ






aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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