Friday, October 16, 2026

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AUD/CNH’s Fibo failure leaves a neutral setup

Setup implies range trading since mid February can continue 80pt fall in Asia extending yesterday's AUD led 0.93% fall Dip leaves momentum studies, 5, 10 & 20 dma's conflicting 4.8784 20 dma & this week's 4.8551 low init…

By Meredith J C Warren
1 min read
AUD/CNH’s Fibo failure leaves a neutral setup
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  • Setup implies range trading since mid February can continue

  • 80pt fall in Asia extending yesterday's AUD led 0.93% fall

  • Dip leaves momentum studies, 5, 10 & 20 dma's conflicting

  • 4.8784 20 dma & this week's 4.8551 low initial support

  • Earlier 4.9052 high then yesterday's 4.9561 high resistance

 

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