AUD/USD breaks strong trendline support, targets 0.76
AUD/USD was dragged down by risk-aversion in early Asian session, the pair slipped from day's highs at 0.77 to hit lows of 0.7647.
The Aussie attempted a minor recovery after Chinese PMI data helped cushion the downside in the prices.
The Chinese Manufacturing PMI rose from 49.0 in February to nine-month high of 50.2 in March. While March Caixin manufacturing PMI came at 49.7 vs 48.2 expected and 48.0 last, hitting a one-year high.
But bears remain in control, technical indicators on hourly charts support downside.
AUD/USD has breached strong trendline support at 0.7653 levels and we see scope for downside.
Immediate support and resistance are seen at 0.7629 (5-DMA) and 0.77 (day's high till now).
Good to sell rallies around 0.7655/60, SL: 0.77, TP: 0.7620/0.76
The Aussie attempted a minor recovery after Chinese PMI data helped cushion the downside in the prices.
The Chinese Manufacturing PMI rose from 49.0 in February to nine-month high of 50.2 in March. While March Caixin manufacturing PMI came at 49.7 vs 48.2 expected and 48.0 last, hitting a one-year high.
But bears remain in control, technical indicators on hourly charts support downside.
AUD/USD has breached strong trendline support at 0.7653 levels and we see scope for downside.
Immediate support and resistance are seen at 0.7629 (5-DMA) and 0.77 (day's high till now).
Good to sell rallies around 0.7655/60, SL: 0.77, TP: 0.7620/0.76
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.