Slobodan Drvenica
Windsor Brokers
AUD/USD
AUDUSD remains in extended consolidation around the base of thick daily cloud (0.6538), and above pivotal Fibo support at 0.6528 (61.8% of 0.6362/0.6798), following a steep fall in past nine days.
Bears are taking a breather on stretched daily studies, but remain in play (strong negative momentum, MA’s in full bearish configuration and creating a number of bear crosses) and look for firm break through significant supports at 0.6538/28, which will unmask targets at 0.6500/0.6465 (round-figure/Fibo 76.4%).
Upticks so far remain below upper pivot at 0.6586 (200DMA).
Markets await release of US Consumer confidence and JOLTS data for fresh signals.
Res: 0.6568; 0.6586; 0.6603; 0.6631.
Sup: 0.6528; 0.6500; 0.6465; 0.6407.
Interested in AUD/USD technicals? Check out the key levels
The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.
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