AUD/USD: Limited scope above 0.7800
14:10 GMT - The anticipated run to 0.7800 has been seen. Intraday studies continue to point higher, suggesting scope for a break, but negative daily stochastics and the falling Tension Indicator should limit scope to 0.7855. Following corrective gains, expectations are for prices to come under fresh pressure, with a later break below 0.7700 targeting 0.7650. Deteriorating weekly charts highlight potential for further slippage towards critical support at the 0.7564 current year low from 2 February.
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We are an award winning independent research firm, covering Macroeconomics, Policy and Financial Markets. Our Technical Analysis coverage spans 40 FX pairs across developed and emerging markets. Register for a free trial at continuumeconomics.com
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.