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Thomson Reuters
Mar 12 - 11:00 PM
AUD/USD - On A Ledge But Could Cling On With Help From China
First appeared on eFXplus on Mar 12 - 08:45 PM
  • AUD/USD teeters at edge of daily Ichimoku Cloud base 0.7055
  • That support is also entrance of Bollinger downtrend channel
  • Mildly weaker US CPI gave AUD/USD bulls a reprieve o/n
  • But Wed close below 0.7055 may end their optimism
  • Long-trimming may help confirm two bearish cues, expose 0.7000
  • CNH gaining on trade talk progress may aid AUD nL1N20Z0NP

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