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Sep 19 - 11:00 PM
AUD/USD - Buckles As Weekly Downtrend Hints At Next Leg Down
First appeared on eFXplus on Sep 19 - 09:20 PM
  • AUD/USD slide likely to continue on Fri closing below 0.6798

  • Weekly Bollinger downtrend channel will then be confirmed

  • Persistently dovish RBA may skew AUD toward 0.6500 psych barrier

  • Breach of daily Ichimoku Cloud base accelerated past 20 DMA on Thurs

  • Another bearish sign triggered if AUD/USD breaks 0.6752 Fri

  • Daily Bollinger downtrend channel would also be confirmed

Source:
Refinitiv IFR Research/Market Commentary

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