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AUD/USD sets new lows as spreads tighten

AUD/USD sets new lows as spreads tighten while copper & iron-ore are heavy again Pair breaks series of daily lows, sub-0.7863 eyes 0.7775/87 (61.8 Fib 0.7534-0.8164, 55DMA, 5/5 low) Rally off 2015 low intact but RSI give…

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  • AUD/USD sets new lows as spreads tighten while copper & iron-ore are heavy again

  • Pair breaks series of daily lows, sub-0.7863 eyes 0.7775/87 (61.8 Fib 0.7534-0.8164, 55DMA, 5/5 low)

  • Rally off 2015 low intact but RSI gives bears momentum, rally in jeopardy

  • Above 0.8000/10 likely needed to alleviate bear pressure

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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