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Jun 30 - 05:55 PM

AUD/USD - Rally Sellers Target Key Fibo, Maybe Lower

By Christopher Romano  —  Jun 30 - 03:44 PM
  • AUD/USD bounce off June 18 low peaked at 0.7615 on June 25, sellers emerged

  • Pair falls below the 10- & 200-DMA then hits a 7-session low Wednesday

  • Daily, monthly RSIs imply downside momentum remains, lower levels are likely

  • Shorts target Dec 21 low (0.7463), 23.6% Fib 0.5510-0.8007 which is 0.74177

  • US June ISM, jobs data risks loom, if upbeat AUD/USD slide could extend

  • Break of the Fibo targets Dec monthly low, beyond that 0.7000 area targeted

  • For more click on FXBUZ




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Source:
Refinitiv IFR Research/Market Commentary

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