AUD/USD: Immediate threat remains for the aussie to trade lower – DBS Bank AUDUSD Banks
Extending recent weakness, await dips to engage
“An intersecting trendline on the monthly charts puts AUD support into 0.6776. This nicely tangents into a 50% Fibonacci retracement of the 0.5510-0.8007 range extremes at 0.6759. Recent weakness would be extended, we await dips to engage.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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