By Ewen Chew — May 17 - 02:00 AM
AUD/USD slumps to 0.6641 from Wed peak 0.6671; ASX ends -0.4%
At risk of entering Bollinger downtrend channel at 0.6630
Closing below will steer it toward 61.8% Fibo 0.6547
Longs trimming on chance US debt limit can be raised
Failure to do so would severely hurt USD reserve status
Biden cuts short Asia trip for debt negotiations nL1N37D0XM
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary