AUD/USD
This morning, the Australian dollar reacted extremely painfully to Apple's announcement from the previous day regarding a decline in revenue forecast for the first quarter from $91 billion to $84 billion - the AUD/USD quote at the time sharply fell by 328 points. The "Chinese factor" has already played its role here, as investors were afraid of the slowdown in the technological sector of China. At the same time, the market was not ready for such strong volatility after the New Year holidays - purchase orders that could contain a brief panic did not have time to accumulate.
Further behavior of the "Aussie" has only one scenario - a decline in the price to the successive support of the price channel: 0.6820, 0.6650, 0.6540.
The material has been provided by InstaForex Company -
www.instaforex.com