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Nov 29 - 08:36 AM
AUD/USD - Heads For 4Th Weekly Loss In A Row, Trade Talks Key
First appeared on eFXplus on Nov 29 - 06:40 AM
  • At the mercy of any U.S.-China trade deal outcome

  • Aussie heads for 4th week of losses as rate risks mount nL4N288463

  • Though long tail on Thur's candle could be a sign downside being rejected

  • Bull should also take comfort from the failure to close under 0.6769 Fibo

  • 0.6769 Fibo is 61.8% of the 0.6670 to 0.6929 October gain

  • AUD/USD has traded a narrow 0.6764-0.6779 range, according to Refinitiv data

  • USD could be about to slide despite U.S. GDP upgrade nL1N28804V

Daily Fibo Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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