AUD,NZD/FXWW News/Technical Analysis

AUD/USD testing .9250 after lower China PMI data; major support .9218

The big technical support level to watch is the 61.8% retracement of the major up-move from .8060 to 1.1060. That comes in at .9218.

  1. rebound? not sure whether this scenario will remain for long. there is no way aussie is a better performer than the euro in current conditions.americans will take a dig at it.

  2. Good evening Sean,

    I guess, you were busy this overnight to get a clear ideas on the next leg after FOMC statement ?
    In relation with your post (support at .9218 on AUD/USD ), what do you think with this trade : buy at 0.9220 S/L under 0.9190 ?

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