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Derived real-time data in partnership with:
Thomson Reuters
May 15 - 02:36 AM
AUD/USD - Trends Toward 0.6852 As Local And China Data Misses
First appeared on eFXplus on May 15 - 12:20 AM
  • Trades -0.2% with decent volumes all day, capped by soft wages nL4N22Q55A
  • China data missed - negative response tempered by easing hopes
  • Negative momentum studies, 5, 10 & 21 daily, weekly, monthly MAs head lower
  • Bearish setup targets a 0.6852 test, 76.4% of the 2019 move higher
  • Close below would open the door to the 0.6715 flash crash low
  • 0.6900 475M strikes and earlier 0.6945 high initial support/resistance

aud3 may 15 Click here

Source:
Thomson Reuters IFR Markets

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