AUD/USD chart - Trading View
AUD/USD slumps around 1.25% on the day, eyes 0.75 mark on weakening investor sentiment.
Sentiment remains sour amid new covid strain news and fresh lockdowns across Europe. The S&P 500 futures drop 0.52% to trade below 3,700 levels.
The pair has broken below 200H MA and is on track for further weakness. Bears eye 21-EMA at 0.7464.
Stochs and RSI are on verge of rollover from overbought levels. MACD is on verge of bearish crossover on signal line.
Price action has paused at 78.6% Fib. Major trend remains bullish and bullish invalidation only below 110-EMA. Resumption of upside will see test of 88.6% Fib at 0.7836.
