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Nov 14 - 09:48 PM
AUD/USD - Shorts Fatigued, Bulls May Capitalize On China News
First appeared on eFXplus on Nov 14 - 07:45 PM
  • AUD/USD descent stalled at Ichimoku Cloud 0.6782 on US-China news

  • China lifts US poultry ban, Kudlow optimistic nL4N27U30InL2N27U28F

  • AUD bulls have a chance to mount counter-attack against shorts

  • Strong rally off daily Cloud would cue more short-covering ahead

  • Closing above 0.6822 would nullify Bollinger downtrend channel

  • But trendline resistnace above at 0.6843 will cap further gains










Source:
Refinitiv IFR Research/Market Commentary

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