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Apr 04 - 08:55 PM

AUD/USD - Swings One Leg Out Of Bearish Channel

By Ewen Chew  —  Apr 04 - 07:49 PM
  • AUD/USD opens higher Mon at 0.7618 from Fri close 0.7591

  • Tentatively climbs out of Bollinger downtrend channel

  • But 100 DMA resistance at 0.7636 is a deterrent

  • If AUD/USD ends below 0.7605, bearish bias reaffirmed

  • RBA set to hold rates at record low again on Tues nL1N2LU02B

  • Biden to push infrastructure bill through nL1N2LX08N

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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