Derived Data That Drive Results
By Martin Miller — Oct 17 - 04:35 AM
AUD/USD is bearish, 14-day momentum remains negative for multiple days
However, bears beware of the thick Ichimoku daily cloud support
The daily cloud currently spans the 0.6586-0.6687 region
Spot closed within the cloud on Wed, a close back above would be a bear trap
A bear trap is set when a market breaks below a tech level but then reverses
AUD/USD Trader TGM2347. Previous update nL1N3LS0A9
Daily Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary
