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Nov 11 - 06:55 AM

AUD/USD - Chart Shows Scope For A Slide To A Key Fibo Level

By Martin Miller  —  Nov 11 - 04:55 AM
  • AUD/USD's upside remains limited by the thick daily cloud (0.6646-0.6813)

  • Daily momentum remains negative, reinforcing the underlying bearish market

  • There is scope for eventual losses towards the 0.6489 Fibo

  • 0.6489 Fibo is a 76.4% retrace of the 0.6349 to 0.6943 (EBS) rise

  • AUD/USD Trader TGM2347. Previous update nL1N3MB091

Source:
Refinitiv IFR Research/Market Commentary

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