AUD/USD rally looks difficult to sustain

Wednesday, 29/03/2017 | 07:45 GMT

Disclaimer

AUD/USD has bounced off the 23.6% retracement of the rally that started just before Christmas, however struggling to break higher. If 0.7615 falls, look for support around the 200 day moving average of 0.7525.

The brief run higher for EUR/JPY on the daily chart is stalling and this is paving the way for a sell off down to the 118.25-118.50 range of year to date lows and the 38.2% retracement of the post Brexit run higher.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

STO Review

Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/audusd-rally-looks-difficult-to-sustain-

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