A piece from Westpac (Institutional Bank) on the technical analysis chart for the Australian dollar
Dated November 11
In summary:
- Says intraday direction is down, multiday also
- Says the break of 61.8% Fibonacci support at 0.7128 implies that the September lows at 0.6900/50 will be tested. Resistance remains at 0.7065/75
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ps. Coming up from Australia today -
- employment report
- Also, today's orderboard for AUD and NZD
