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Oct 23 - 01:55 AM

AUD/USD - Rally Foiled May Convince Longs To Bail Out

By Ewen Chew  —  Oct 23 - 01:25 AM
  • AUD/USD struggles after initial rally to 0.7139, last 0.7107

  • Uncertainty over US stimulus deal churns FX markets nW1N2G600R

  • If AUD/USD ends Fri below 0.7085, chart outlook turns bearish

  • Confirmation of Bollinger downtrend channel will spur longs to bail

  • USD index rebound has reached chart inflection point, but may fail

  • Bets on earlier Fed hike, lifting US yields, may be premature nL1N2HE04V

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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