Thursday, October 15, 2026

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AUD/CNH Fibo resistance pressured

Closed above 4.8883 20 dma - break sustained in Asia - 4.9151 Fibo limits Chinese New Year holiday & lack of AUD data denotes a slow session in Asia Bounce leaves 5, 10 & 20 dma's conflicting - positive momentum studies …

By Meredith J C Warren
1 min read
AUD/CNH Fibo resistance pressured
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  • Closed above 4.8883 20 dma - break sustained in Asia - 4.9151 Fibo limits

  • Chinese New Year holiday & lack of AUD data denotes a slow session in Asia

  • Bounce leaves 5, 10 & 20 dma's conflicting - positive momentum studies

  • Neutral setup - 4.9150+ close targets 50% of 2015 fall at 4.9587

  • Asian initial support/resistance is 4.8954/4.9176 range

 

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By FxWirePro Team