Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

AUD/USD pierced 50% Fib of 0.7534-0.8077 again

  • AUD/USD pierced 50% Fib of 0.7534-0.8077 again overnight, can't hold

  • Long lower wick on today's candle, suggests bulls put up a fight

  • Bears frustrated pre-RBA (>75% chance of cut priced), resistance at ~0.7850 & 0.7875/80

  • If bears break 0.7800 next support 0.7740/65 (61.8 Fib, 21&55-DMAs, cloud base)

  • Daily RSI unwinds good part of oversold conditions from last week

  • If no cut April high in play 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.