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Jun 22 - 02:55 AM

AUD/USD - Pressured Further Before Powell Testimony

By Ewen Chew  —  Jun 22 - 02:00 AM
  • AUD/USD extends drop to 0.6911, validating bearish view

  • Bollinger downtrend channel in effect; caps 0.6963

  • Potential to slide further till channel base 0.6842

  • Fed chair Powell to testify to Congress Wednesday

  • Poll forecasts Fed to hike 75bps again in Jul nW1N2X9040

  • More hawkish comments from Powell should bolster USD

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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