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Australian Dollar Short-term Outlook: AUD/USD Vulnerable Sub-6800
The Australian Dollar has plunged off fresh yearly highs with AUD/USD down more than 2.8% since the start of October. A turn from uptrend resistance now takes Aussie into the first major test of support and the focus is on a reaction here in the days ahead. These are the updated targets an invalidation levels that matter on the AUD/USD short-term technical charts heading into US CPI. Technical Outlook: In my last Australian Dollar Short-term Outlook we noted that the, “immediate focus is on possible inflection into a key pivot zone here at 6807/19- a region defined by the weekly open, the 2023 & 2024 yearly ... (full story)
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- Posted: Oct 8, 2024 12:18pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 4,426
