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FxWirePro: AUD/USD rejected by session highs at 0.6958, good to sell rallies

AUD/USD now pushing further down below the 0.69 handle, giving up almost 60 pips from session highs reached at 0.6958 in early Asia. Risk sentiment seems to have worsened over the last hours, with the Asian stocks paring…

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FxWirePro: AUD/USD rejected by session highs at 0.6958, good to sell rallies
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  • AUD/USD now pushing further down below the 0.69 handle, giving up almost 60 pips from session highs reached at 0.6958 in early Asia.
  • Risk sentiment seems to have worsened over the last hours, with the Asian stocks paring gains as oil and copper recovery falters.

  • Techs on 4H charts point lower, pair cloud test channel base at 0.6830

  • 0.6920 (4H 5DMA) is immediate resistance on the upside, while support on the downside lies at 0.6838 (Jan 19 lows).

Recommendation: Good to sell rallies around 0.69, Sl: 0.6960, TP: 0.6840

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