#AUDUSD @ 0.68831 : Revisit of 0.7130 not ruled out – SocGen
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
ADU/USD has defended the 0.6680/0.6650 support zone on a second attempt, triggering an initial bounce. Economists at Société Générale think the pair could now retest the 0.7130 mark.
“A revisit of the neckline at 0.7130 which is also the 200-DMA is not ruled out. If this is overcome, an extended bounce could take shape towards 0.7280 and upper band of the channel at 0.7500.”
“Only if 0.6680/0.6650 gets violated would there be a deeper downtrend.”
[/s2If]
Join Our Telegram Group
