16-05-2022, 04:11 PM
16-05-2022, 04:14 PM
The Aussie duly retreated 0.6 per cent to US$0.6896, away from a top of US$0.6960 earlier in the day and unwinding much of the bounce it managed on Friday. That risks a retest of last week’s 2-year trough of US$0.6829 and a decline to at least US$0.6777, a technical bear target.
The kiwi lost 0.7 per cent to US$0.6240, erasing Friday’s rally to US$0.6290. Chart support lies at the recent low of US$0.6219 and the psychological US$0.6000 bulwark.
The kiwi lost 0.7 per cent to US$0.6240, erasing Friday’s rally to US$0.6290. Chart support lies at the recent low of US$0.6219 and the psychological US$0.6000 bulwark.