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AUD/USD off 0.7572 intraday lows but recoveries look limited and spot remains heavy

Long is not systematic and the stop sits below the 2015 low at 0.7534 Consider reversing to short on a break there Further scope to 0.7204 based on 76.4% Fibonacci retracement

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  • Long is not systematic and the stop sits below the 2015 low at 0.7534

  • Consider reversing to short on a break there

  • Further scope to 0.7204 based on 76.4% Fibonacci retracement

 

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560