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Feb 01 - 01:55 AM

AUD/USD - Sinking Below Cloud Is A Sign That Descent Resumes

By Ewen Chew  —  Feb 01 - 12:40 AM
  • AUD/USD sinks to 0.6541 from open 0.6557, pivoting lower

  • Breaches Ichimoku cloud base, 50% retracement line

  • Closing below 0.6560 engages Bollinger downtrend channel

  • Next target for shorts is 61.8% Fibo at 0.6500

  • Retracement of Oct-Dec rally might prove a strong floor

  • UST 2y yield perks up to 4.256%, 10y ebbs to 3.942%

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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