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Apr 30 - 03:55 AM

AUD/USD - Breakout Postponed, Hurt By Sub-Optimal China Data

By Ewen Chew  —  Apr 30 - 01:45 AM
  • AUD/USD retracts to 0.7775 as Asia stocks sink on China data

  • Delays confirmation of bullish breakout above Ichimoku Cloud

  • Longs need a close above 0.7785 to advance toward 0.8000 barrier

  • Beware failure of Bollinger uptrend channel base at 0.7773

  • That would nullify one bullish cue, may trigger capitulation

  • China's PMIs disappoint, but there's a silver lining nL1N2MN03W

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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