AUD Technical Analysis: Aussie Dollar Takes a Hit on Weaker Market Sentiment

  • 📰 DailyFX
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

México Noticias Noticias

México Últimas Noticias,México Titulares

The Australian dollar remains fragile as markets pivot away from high-beta, riskier currencies in favour of safe havens like the Japanese yen and Swiss franc

Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.01% 🇪🇺EUR: -0....Overnight FX moves reveal the Japanese yen as the major winner while the Australian dollar makes up last place within a group of popular currencies. The Australian dollar has plunged over the last 10 days as broader market sentiment has soured.

The pair currently tests the 200-day simple moving average , with the 98.70 level next in sight. In the meantime, a daily close below the 200 SMA would suggest that bearish momentum has not yet run its course. Chasing such fast moving markets offers up sub-optimal risk to reward setups. Instead, a shorter-term correction would be more constructive before assessing a bearish continuation of deeper pullback. A correction towards 102.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 305. in MX

México Últimas Noticias, México Titulares