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Nov 21 - 01:55 AM

AUD/USD - May Lose More Ground As Key Chart Supports Erode

By Ewen Chew  —  Nov 21 - 12:15 AM
  • AUD/USD slips to 0.6641 from Fri close 0.6673; ASX ends -0.2%

  • Key chart supports erode, threatening deeper slide ahead

  • Tentatively seeps into Ichimoku cloud support at 0.6653

  • Also falls through Bollinger uptrend channel base 0.6673

  • Only a rally back above 100 DMA 0.6693 can revive bulls

  • China's worsening battle with COVID dents risk nL1N32H04K

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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