AUD/USD rejected by session highs at 0.6958, sell rallies
AUD/USD now pushing further down below the 0.69 handle, giving up almost 60 pips from session highs reached at 0.6958 in early Asia.
Risk sentiment seems to have worsened over the last hours, with the Asian stocks paring gains as oil and copper recovery falters.
Techs on 4H charts point lower, pair cloud test channel base around 0.6830.
0.6920 (4H 5DMA) is immediate resistance on the upside, while support on the downside lies at 0.6838 (Jan 19 lows).
We would sell rallies around 0.6920, Sl: 0.6960, TP: 0.6840
Risk sentiment seems to have worsened over the last hours, with the Asian stocks paring gains as oil and copper recovery falters.
Techs on 4H charts point lower, pair cloud test channel base around 0.6830.
0.6920 (4H 5DMA) is immediate resistance on the upside, while support on the downside lies at 0.6838 (Jan 19 lows).
We would sell rallies around 0.6920, Sl: 0.6960, TP: 0.6840
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