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Oct 10 - 11:00 PM
AUD/USD - Bulls Need To Buck Up To Overcome Bearish Cues
First appeared on eFXplus on Oct 10 - 08:20 PM
  • AUD/USD recoiled after a stiff bounce Thurs, checked by 20 DMA

  • Inability to overcome 0.6766 will look bad for AUD/USD bulls

  • Needs to pierce Ichimoku Cloud resistance 0.6772 to proceed higher

  • More positive cue awaits at Bollinger uptrend channel 0.6810

  • Despite positive turn in US-China talks, AUD seems hesitant to rise

  • Possibly because trade negotiations have been a roller-coaster ride











Source:
Refinitiv IFR Research/Market Commentary

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