A quick glance at the AUD/USD pair

FBS 1

The Asian trading session on Thursday wasn't kind to the AUD: Australia released weak labor figures and investors got worried about the prospects of the trade deal between the United States and China.

AUD/USD that has settled below the

100-day MA in the 0.6840 area. The pair is currently testing the 50% Fibo

retracement level of the October advance around 0.6800. The loss of this

support will lead the price down to 0.6770 (61.8% Fibo) and 0.6725 (78.6%

Fibo). Resistance lies at 0.6815 (200-period MA on H4) and 0.6830/40.

FBS 2

This post is written and submitted by FBS Markets for informational purposes only. In no way shall it be interpreted or construed to create any warranties of any kind, including an offer to buy or sell any currencies or other instruments.

The views and ideas shared in this article are deemed reliable and based on the most up-to-date and trustworthy sources. However, the company does not take any responsibility for accuracy and completeness of the information, and the views expressed in the article may be subject to change without prior notice.