Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 28 - 01:55 AM

AUD/USD - Longs On Tenterhooks Still; Chart Support May Fail

By Ewen Chew  —  Feb 28 - 12:05 AM
  • AUD/USD wanders lower to 0.6730, teasing 100 DMA breakdown

  • Tues close below chart support at 0.6735 will worsen outlook

  • Already below Ichimoku cloud, in Bollinger downtrend channel

  • Confirmation of 100 DMA break will expose 50% retracement 0.6664

  • USD well-bid despite Asia equities bounce; S&P futures +0.1%

  • Markets look ahead to US consumer confidence, factory PMI

  • 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
!