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Thomson Reuters
Dec 27 - 02:36 AM
AUD/USD - Downtrend May Persist, Contradicting Stocks Surge
First appeared on eFXplus on Dec 27 - 12:55 AM
  • AUD/USD looks unlikely to escape Bollinger downtrend channel
  • Inability to close above 0.7078 will keep bearish bias intact
  • Attempt to rally along with stocks was short-lived; ASX +1.8%
  • Downtrend channel enourages bears to sell for a break of 0.7000
  • Asia stocks trim gains, SSEC and S&P futures briefly turn red
  • Contradictory risk-off persists in FX as USD/JPY also stays soggy

Source:
Thomson Reuters IFR Markets

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