AUD/USD - Negative Sentiment Dominates Background
|For a 3rd day in a row trading in AUDUSD was subdued yesterday. Minor net gains were posted to offset the previous day’s small decline, but the currency pair is fluctuating, tightly, around the 13 day average. But it is currently the limited nature of the bounce from this month’s low that contributes to a mildly negative bias. With this in the background, this morning’s call is a Sell but leaving room to Sell any Rally to .6800, Monday’s top. The risk is .6830 with downside objectives at .6754, Tuesday’s low, .6735, last week's bottom, or even towards this month’s .6677 low point.
Around Key Average
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.