STO Technical - Cable eyeing test of fresh lows

Tuesday, 14/03/2017 | 10:06 GMT

Disclaimer

GBP/USD is revisiting the 1.2130 support level that has propped up the pair on a repeated basis since the flash crash back in October. A sustained break below here opens the way for the 1.2030 level.

AUD/USD is threatening a test of the 38.2% retracement of the run higher from the start of the year. A break below 0.7525 opens the way for 0.7490 then the mid January lows at 0.7450.

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

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Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/cable-eyeing-test-of-fresh-lows

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