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Sep 05 - 02:55 AM

AUD/USD - Slump Could Trigger Fresh Sell Signal As RBA Holds

By Ewen Chew  —  Sep 05 - 02:05 AM
  • AUD/USD slumps to 0.6400, dipping into bearish path

  • Tues close below 0.6413 engages Bollinger downtrend channel

  • That will set a course for 9-mth low 0.6365 notched in Aug

  • RBA holds base rate as expected; tone unchanged nL4N3AH01X

  • Warning of possible future tightening ignored by market

  • China Caixin services PMI, UST yields boost USD; 10y 4.216%

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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