AUD/USD Bounce from Fibo Support, Prior Resistance
If looking for USD-weakness to continue through tomorrow's Core PCE report, AUD/USD can remain a viable venue, along with GBP/USD.
The pair had a stark pullback yesterday but support showed at a key Fibonacci level plotted at .6824. That was resistance just last week and, so far, it's substantiated a bounce back up to the .6900 handle. That's also the level that bulls need to hold to retain the trend or else there'll be an oncoming concern of lower-lows and highs.
That's a scenario I'd look to in the event of a USD recovery, which is certainly a possibility ahead of and around tomorrow's Core PCE release. But - if looking for USD-strength, EUR/USD may be a more attractive venue. And, big picture, this speaks to potential for bearish scenarios in EUR/AUD, playing the fundamental divergence between Europe and Australia. - js
The pair had a stark pullback yesterday but support showed at a key Fibonacci level plotted at .6824. That was resistance just last week and, so far, it's substantiated a bounce back up to the .6900 handle. That's also the level that bulls need to hold to retain the trend or else there'll be an oncoming concern of lower-lows and highs.
That's a scenario I'd look to in the event of a USD recovery, which is certainly a possibility ahead of and around tomorrow's Core PCE release. But - if looking for USD-strength, EUR/USD may be a more attractive venue. And, big picture, this speaks to potential for bearish scenarios in EUR/AUD, playing the fundamental divergence between Europe and Australia. - js
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。